Dynamic Advisor Solutions LLC Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Dynamic Advisor Solutions LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 12.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,026 shares of the company’s stock after selling 3,898 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Procter & Gamble were worth $4,699,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PG. Aspiring Ventures LLC purchased a new stake in Procter & Gamble during the fourth quarter worth about $1,339,000. DGS Capital Management LLC increased its stake in Procter & Gamble by 16.3% during the 4th quarter. DGS Capital Management LLC now owns 1,793 shares of the company’s stock worth $301,000 after buying an additional 251 shares during the period. Atlas Private Wealth Advisors lifted its holdings in Procter & Gamble by 1.1% during the 4th quarter. Atlas Private Wealth Advisors now owns 16,612 shares of the company’s stock worth $2,785,000 after buying an additional 184 shares in the last quarter. Gradient Investments LLC boosted its position in Procter & Gamble by 7.8% in the 4th quarter. Gradient Investments LLC now owns 234,791 shares of the company’s stock valued at $39,363,000 after buying an additional 16,921 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Procter & Gamble by 2.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 73,223 shares of the company’s stock valued at $12,276,000 after purchasing an additional 1,557 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 1.0 %

NYSE:PG opened at $164.41 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $168.85 and its 200-day simple moving average is $169.37. The Procter & Gamble Company has a 12-month low of $152.06 and a 12-month high of $180.43. The firm has a market cap of $387.20 billion, a P/E ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PG shares. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Barclays increased their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.