The Procter & Gamble Company (NYSE:PG) Shares Sold by BDF Gestion

BDF Gestion cut its stake in The Procter & Gamble Company (NYSE:PG) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,703 shares of the company’s stock after selling 7,105 shares during the quarter. Procter & Gamble makes up approximately 0.9% of BDF Gestion’s investment portfolio, making the stock its 20th largest position. BDF Gestion’s holdings in Procter & Gamble were worth $9,171,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First Affirmative Financial Network boosted its holdings in Procter & Gamble by 16.6% during the fourth quarter. First Affirmative Financial Network now owns 9,833 shares of the company’s stock worth $1,648,000 after buying an additional 1,399 shares in the last quarter. Abel Hall LLC boosted its stake in shares of Procter & Gamble by 17.9% during the 4th quarter. Abel Hall LLC now owns 1,810 shares of the company’s stock worth $303,000 after acquiring an additional 275 shares in the last quarter. Synergy Asset Management LLC grew its position in shares of Procter & Gamble by 107.1% during the 4th quarter. Synergy Asset Management LLC now owns 6,433 shares of the company’s stock valued at $1,090,000 after acquiring an additional 3,327 shares during the period. Baron Wealth Management LLC increased its stake in shares of Procter & Gamble by 4.5% in the 4th quarter. Baron Wealth Management LLC now owns 6,292 shares of the company’s stock valued at $1,055,000 after purchasing an additional 270 shares in the last quarter. Finally, Strategic Planning Group LLC raised its holdings in Procter & Gamble by 5.1% in the 4th quarter. Strategic Planning Group LLC now owns 22,035 shares of the company’s stock worth $3,694,000 after purchasing an additional 1,060 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’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 sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated 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 transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 over the last three months. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.9 %

NYSE PG opened at $165.98 on Friday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a market capitalization of $389.20 billion, a P/E ratio of 26.43, a PEG ratio of 3.73 and a beta of 0.45. The firm’s 50-day moving average is $168.54 and its two-hundred day moving average is $169.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PG. Morgan Stanley boosted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus upped their price target 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. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble 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.