The Procter & Gamble Company (NYSE:PG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,889 shares of the company’s stock after selling 13,079 shares during the period. Procter & Gamble makes up 0.5% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 25th largest position. State of Alaska Department of Revenue’s holdings in Procter & Gamble were worth $45,749,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Adero Partners LLC raised its position in Procter & Gamble by 35.5% in the 4th quarter. Adero Partners LLC now owns 7,211 shares of the company’s stock valued at $1,209,000 after purchasing an additional 1,889 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $1,313,000. Bleakley Financial Group LLC increased its holdings in shares of Procter & Gamble by 8.1% in the 4th quarter. Bleakley Financial Group LLC now owns 90,588 shares of the company’s stock valued at $15,187,000 after acquiring an additional 6,772 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in shares of Procter & Gamble by 3.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,074 shares of the company’s stock valued at $683,000 after acquiring an additional 122 shares during the last quarter. Finally, NovaPoint Capital LLC grew its stake in Procter & Gamble by 3.9% during the 4th quarter. NovaPoint Capital LLC now owns 24,258 shares of the company’s stock worth $4,067,000 after buying an additional 907 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $168.96 on Friday. The stock has a 50-day moving average price of $167.74 and a two-hundred day moving average price of $169.41. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $396.18 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $180.53.

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.