Summitry LLC Has $6.26 Million Stake in The Procter & Gamble Company (NYSE:PG)

Summitry LLC raised its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,343 shares of the company's stock after purchasing an additional 3,230 shares during the quarter. Summitry LLC's holdings in Procter & Gamble were worth $6,260,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Procter & Gamble in the fourth quarter worth $314,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Procter & Gamble by 3.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,510,019 shares of the company's stock worth $253,155,000 after buying an additional 53,170 shares during the last quarter. Florida Financial Advisors LLC grew its holdings in shares of Procter & Gamble by 38.3% in the 4th quarter. Florida Financial Advisors LLC now owns 2,890 shares of the company's stock valued at $484,000 after acquiring an additional 801 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Procter & Gamble by 1.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 188,435 shares of the company's stock valued at $31,591,000 after acquiring an additional 2,954 shares during the last quarter. Finally, Bay Capital Advisors LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $464,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business's stock in a transaction that occurred 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 directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.

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Procter & Gamble Stock Performance

NYSE PG traded down $0.58 on Friday, reaching $168.13. The stock had a trading volume of 3,006,678 shares, compared to its average volume of 7,697,393. 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 company has a market cap of $394.23 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The firm has a fifty day moving average of $168.47 and a two-hundred day moving average of $169.46. 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 released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the company posted $1.84 earnings per share. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble's payout ratio is 64.01%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PG. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday. Royal Bank of Canada restated a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company increased their price target 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. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, DA Davidson reiterated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.82.

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.