Red Tortoise LLC Cuts Position in The Procter & Gamble Company (NYSE:PG)

Red Tortoise LLC cut its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 69.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867 shares of the company's stock after selling 1,927 shares during the quarter. Red Tortoise LLC's holdings in Procter & Gamble were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. AMF Tjanstepension AB increased its position in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Czech National Bank increased its holdings in Procter & Gamble by 6.6% during the third quarter. Czech National Bank now owns 479,545 shares of the company's stock valued at $83,057,000 after buying an additional 29,799 shares during the last quarter. GAMMA Investing LLC raised its position in Procter & Gamble by 32.3% in the third quarter. GAMMA Investing LLC now owns 35,455 shares of the company's stock worth $6,141,000 after acquiring an additional 8,652 shares during the period. WealthBridge Capital Management LLC boosted its stake in shares of Procter & Gamble by 5.5% during the 3rd quarter. WealthBridge Capital Management LLC now owns 8,821 shares of the company's stock worth $1,528,000 after acquiring an additional 460 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its stake in shares of Procter & Gamble by 0.9% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 54,693 shares of the company's stock worth $9,473,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 sale, the insider now owns 172,814 shares of the company's stock, valued at $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 90 days, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays boosted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating 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 research note on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Eight equities research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $2.91 during trading hours on Monday, reaching $168.90. The company's stock had a trading volume of 8,668,582 shares, compared to its average volume of 7,440,821. The firm has a 50 day moving average price of $168.34 and a 200-day moving average price of $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $396.05 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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 paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's payout ratio is currently 64.17%.

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.