Hartford Investment Management Co. Has $23.26 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Hartford Investment Management Co. cut its position in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,757 shares of the company’s stock after selling 3,213 shares during the period. Procter & Gamble accounts for approximately 0.9% of Hartford Investment Management Co.’s investment portfolio, making the stock its 19th biggest holding. Hartford Investment Management Co.’s holdings in Procter & Gamble were worth $23,264,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after buying an additional 510,559 shares during the period. Morgan Stanley grew its stake in shares of Procter & Gamble by 12.6% in the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC grew its stake 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. Wellington Management Group LLP boosted its stake in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Procter & Gamble by 2.3% during the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after purchasing an additional 670,862 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. UBS Group lifted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Royal Bank of Canada lifted their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.35.

Procter & Gamble Trading Down 0.3 %

NYSE:PG opened at $155.65 on Friday. The company has a market cap of $366.25 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.19 and a beta of 0.44. The stock’s fifty day moving average price is $159.46 and its two-hundred day moving average price is $152.42. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

About Procter & Gamble

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.