The Procter & Gamble Company (NYSE:PG) Stock Holdings Lowered by Pinebridge Investments L.P.

Pinebridge Investments L.P. cut its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,609 shares of the company's stock after selling 36,861 shares during the quarter. Pinebridge Investments L.P.'s holdings in Procter & Gamble were worth $26,423,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Berkshire Asset Management LLC PA lifted its stake in Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Strategic Advisors LLC boosted its holdings in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after buying an additional 1,818 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of Procter & Gamble in the 3rd quarter valued at $668,000. Fortem Financial Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $569,000. Finally, Richard C. Young & CO. LTD. lifted its position in Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock valued at $20,764,000 after acquiring an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

NYSE PG traded up $1.51 during trading hours on Friday, reaching $161.04. The company's stock had a trading volume of 12,892,765 shares, compared to its average volume of 7,118,386. The stock has a market cap of $377.61 billion, a PE ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company's 50-day moving average is $168.16 and its two-hundred day moving average is $168.33. 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 issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same quarter in the previous year, the business posted $1.52 EPS. Analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.62%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is presently 67.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday. DA Davidson reaffirmed a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $181.00.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company's stock, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company 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.