Newman Dignan & Sheerar Inc. Sells 89 Shares of The Procter & Gamble Company (NYSE:PG)

Newman Dignan & Sheerar Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,976 shares of the company’s stock after selling 89 shares during the period. Procter & Gamble makes up about 0.9% of Newman Dignan & Sheerar Inc.’s holdings, making the stock its 26th biggest position. Newman Dignan & Sheerar Inc.’s holdings in Procter & Gamble were worth $3,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. International Assets Investment Management LLC raised its position in shares of Procter & Gamble by 19,030.8% in the third quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after purchasing an additional 3,674,286 shares during the period. Geode Capital Management LLC grew its stake in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after acquiring an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. grew its stake in Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Procter & Gamble during the third quarter valued at approximately $301,950,000. Finally, AMF Tjanstepension AB grew its stake in Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Evercore ISI lifted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report 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 research report on Thursday, January 23rd. Eight 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 4.8 %

PG stock opened at $162.84 on Friday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. 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 company has a market capitalization of $381.84 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.79 and a beta of 0.45. The business has a 50 day simple moving average of $166.73 and a two-hundred day simple moving average of $169.45.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.47%. Procter & Gamble’s payout ratio is 64.17%.

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.