Ninety One UK Ltd Sells 20,583 Shares of The Procter & Gamble Company (NYSE:PG)

Ninety One UK Ltd decreased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,685 shares of the company's stock after selling 20,583 shares during the period. Ninety One UK Ltd's holdings in Procter & Gamble were worth $50,075,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the third quarter worth about $33,000. Bay Harbor Wealth Management LLC increased its holdings in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company's stock worth $45,000 after buying an additional 243 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $46,000. Costello Asset Management INC increased its holdings in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after buying an additional 300 shares during the period. Finally, Mendota Financial Group LLC increased its holdings in shares of Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock worth $63,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.6 %

Shares of PG traded up $0.94 during mid-day trading on Wednesday, reaching $169.07. The company had a trading volume of 7,536,432 shares, compared to its average volume of 7,400,206. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a market capitalization of $396.45 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The firm has a 50-day moving average price of $167.94 and a 200 day moving average price of $169.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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 company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. Procter & Gamble's dividend payout ratio is presently 64.17%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PG shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, DA Davidson reaffirmed a "buy" rating and set a $209.00 price objective 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 assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business's 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 sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company's stock.

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.