The Procter & Gamble Company (NYSE:PG) Shares Sold by Asio Capital LLC

Asio Capital LLC lessened its position in The Procter & Gamble Company (NYSE:PG) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,597 shares of the company’s stock after selling 159 shares during the period. Asio Capital LLC’s holdings in Procter & Gamble were worth $3,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Investment Research & Advisory Group Inc. lifted its holdings in Procter & Gamble by 3.9% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 9,948 shares of the company’s stock valued at $1,668,000 after acquiring an additional 370 shares during the period. Duncan Williams Asset Management LLC increased its stake in Procter & Gamble by 321.7% in the 4th quarter. Duncan Williams Asset Management LLC now owns 6,418 shares of the company’s stock valued at $1,076,000 after purchasing an additional 4,896 shares in the last quarter. Precedent Wealth Partners LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth $215,000. Smith Chas P & Associates PA Cpas lifted its holdings in shares of Procter & Gamble by 0.4% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 262,925 shares of the company’s stock valued at $44,079,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Affiance Financial LLC increased its stake in shares of Procter & Gamble by 9.3% during the 4th quarter. Affiance Financial LLC now owns 2,755 shares of the company’s stock worth $462,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group lowered their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $169.57 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market capitalization of $399.34 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.69 and a beta of 0.45. The business has a 50-day moving average of $168.85 and a 200-day moving average of $169.39.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

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.