Perfromance Wealth Partners LLC Cuts Stock Position in The Procter & Gamble Company (NYSE:PG)

Perfromance Wealth Partners LLC lessened its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,674 shares of the company’s stock after selling 1,064 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Procter & Gamble were worth $685,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its stake in Procter & Gamble by 0.8% during the 2nd quarter. State Street Corp now owns 103,104,467 shares of the company’s stock worth $15,645,072,000 after acquiring an additional 817,674 shares in the last quarter. Geode Capital Management LLC grew its stake in Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares during the last quarter. Morgan Stanley lifted its position in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after acquiring an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock valued at $5,840,449,000 after buying an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

PG stock opened at $160.47 on Tuesday. The company has a fifty day moving average price of $159.25 and a 200-day moving average price of $152.32. The company has a market capitalization of $377.59 billion, a P/E ratio of 26.88, a PEG ratio of 3.31 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter last year, the firm earned $1.59 earnings per share. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s payout ratio is 62.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PG shares. Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. UBS Group increased their price objective on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $168.41.

Check Out Our Latest Analysis on PG

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGFree Report).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.