Duncker Streett & Co. Inc. Sells 783 Shares of The Procter & Gamble Company (NYSE:PG)

Duncker Streett & Co. Inc. reduced its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,288 shares of the company’s stock after selling 783 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Procter & Gamble were worth $3,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 7.0% during the 3rd 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 during the period. FMR LLC grew its stake in shares of Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock valued at $4,599,554,000 after acquiring an additional 689,282 shares during the period. Franklin Resources Inc. grew its stake in shares of Procter & Gamble by 10.2% during the 3rd 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 during the period. Fisher Asset Management LLC grew its stake in shares of Procter & Gamble by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company’s stock valued at $3,133,850,000 after acquiring an additional 312,203 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company’s stock valued at $2,844,442,000 after acquiring an additional 105,734 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PG. DA Davidson reiterated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays boosted their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Stock Up 1.1 %

Shares of PG opened at $173.84 on Friday. The stock has a market capitalization of $407.63 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The business’s 50 day simple moving average is $166.29 and its 200-day simple moving average is $169.56. 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 released its quarterly 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.32%. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

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.