Channel Wealth LLC Sells 1,717 Shares of The Procter & Gamble Company (NYSE:PG)

Channel Wealth LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,393 shares of the company's stock after selling 1,717 shares during the period. Channel Wealth LLC's holdings in Procter & Gamble were worth $2,413,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KMG Fiduciary Partners LLC lifted its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. KMG Fiduciary Partners LLC now owns 78,952 shares of the company's stock valued at $13,236,000 after buying an additional 928 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $94,000. Empirical Asset Management LLC increased its position in shares of Procter & Gamble by 136.7% during the fourth quarter. Empirical Asset Management LLC now owns 88,305 shares of the company's stock valued at $14,804,000 after purchasing an additional 51,002 shares during the period. Cvfg LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $681,000. Finally, Bennett Associates Wealth Management bought a new position in Procter & Gamble in the fourth quarter worth $279,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Hsbc Global Res upgraded shares of Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. UBS Group dropped their target price 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. Finally, DA Davidson reissued a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.65.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.85 during trading hours on Friday, hitting $161.35. 7,218,206 shares of the stock were exchanged, compared to its average volume of 5,628,331. The company's fifty day simple moving average is $169.19 and its two-hundred day simple moving average is $169.38. The company has a market cap of $379.98 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.83 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.93 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. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble's dividend payout ratio is currently 69.48%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 1,992 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now owns 13,783 shares of the company's stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The sale 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 company's stock in a transaction on 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 sale, the chief executive officer now owns 39,977 shares of the company's stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,439 shares of company stock valued at $13,317,460. Company insiders own 0.18% of the company's stock.

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.