The Procter & Gamble Company (NYSE:PG) Shares Sold by SkyOak Wealth LLC

SkyOak Wealth LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,712 shares of the company’s stock after selling 637 shares during the period. SkyOak Wealth LLC’s holdings in Procter & Gamble were worth $4,311,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PG. McAdam LLC grew its holdings in shares of Procter & Gamble by 6.9% during the 4th quarter. McAdam LLC now owns 5,562 shares of the company’s stock worth $932,000 after purchasing an additional 359 shares during the period. Round Rock Advisors LLC lifted its position in Procter & Gamble by 60.4% in the fourth quarter. Round Rock Advisors LLC now owns 5,781 shares of the company’s stock valued at $969,000 after buying an additional 2,178 shares during the last quarter. Sutton Place Investors LLC increased its position in shares of Procter & Gamble by 0.9% during the fourth quarter. Sutton Place Investors LLC now owns 12,967 shares of the company’s stock valued at $2,174,000 after acquiring an additional 120 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 4.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 83,599 shares of the company’s stock valued at $14,015,000 after acquiring an additional 3,479 shares during the period. Finally, Greenleaf Trust lifted its holdings in shares of Procter & Gamble by 1.3% in the 4th quarter. Greenleaf Trust now owns 108,083 shares of the company’s stock worth $18,120,000 after acquiring an additional 1,438 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, 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. Insiders sold a total of 151,097 shares of company stock worth $25,635,076 in the last 90 days. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on PG. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group lowered their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Evercore ISI increased 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $165.98 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a market capitalization of $389.20 billion, a P/E ratio of 26.43, a P/E/G ratio of 3.73 and a beta of 0.45. The company’s fifty day moving average price is $168.34 and its 200 day moving average price is $169.41.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share 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 issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. Procter & Gamble’s payout ratio is 64.17%.

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.