Narwhal Capital Management Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

Narwhal Capital Management lessened its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,411 shares of the company's stock after selling 2,828 shares during the quarter. Procter & Gamble makes up 1.3% of Narwhal Capital Management's holdings, making the stock its 19th biggest holding. Narwhal Capital Management's holdings in Procter & Gamble were worth $14,822,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its stake in shares of Procter & Gamble by 4.5% during the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock valued at $16,300,000 after acquiring an additional 4,035 shares during the last quarter. Copley Financial Group Inc. bought a new position in Procter & Gamble during the 3rd quarter worth $668,000. Fortem Financial Group LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $569,000. Nordea Investment Management AB grew its position in shares of Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company's stock valued at $484,583,000 after buying an additional 201,695 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company's stock valued at $32,065,000 after buying an additional 6,077 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction 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. The trade was a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on PG shares. UBS Group cut their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Finally, Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a research report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $180.53.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $3.31 during mid-day trading on Tuesday, reaching $166.35. 6,715,783 shares of the company's stock were exchanged, compared to its average volume of 7,831,546. The firm has a market capitalization of $390.07 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The firm has a 50-day moving average price of $168.83 and a two-hundred day moving average price of $169.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

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.