Chevy Chase Trust Holdings LLC Has $216.07 Million Stake in The Procter & Gamble Company (NYSE:PG)

Chevy Chase Trust Holdings LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,288,831 shares of the company's stock after selling 26,331 shares during the quarter. Procter & Gamble accounts for approximately 0.7% of Chevy Chase Trust Holdings LLC's holdings, making the stock its 19th biggest holding. Chevy Chase Trust Holdings LLC owned 0.05% of Procter & Gamble worth $216,073,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $33,000. Bay Harbor Wealth Management LLC grew its holdings in Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after acquiring an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in Procter & Gamble during the 4th quarter worth about $46,000. Costello Asset Management INC grew its holdings in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after acquiring an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC grew its holdings in Procter & Gamble by 46.7% during the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company's stock worth $55,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Morgan Stanley increased their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. DA Davidson reaffirmed a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price 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. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $180.53.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were 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 of the company's stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 4.8 %

PG stock traded down $8.18 during mid-day trading on Friday, hitting $162.84. 13,171,287 shares of the company were exchanged, compared to its average volume of 7,257,899. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market cap of $381.85 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.79 and a beta of 0.45. The firm's 50 day simple moving average is $166.73 and its 200 day simple moving average is $169.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble's payout ratio is 64.01%.

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.