Court Place Advisors LLC Cuts Holdings in The Procter & Gamble Company (NYSE:PG)

Court Place Advisors LLC lowered its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,062 shares of the company's stock after selling 2,852 shares during the quarter. Procter & Gamble accounts for about 2.9% of Court Place Advisors LLC's portfolio, making the stock its 7th biggest holding. Court Place Advisors LLC's holdings in Procter & Gamble were worth $9,064,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC boosted its position in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after acquiring an additional 300 shares during the last quarter. Mendota Financial Group LLC grew 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 valued at $63,000 after purchasing an additional 138 shares during the period. Itau Unibanco Holding S.A. increased its position in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after purchasing an additional 233 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $70,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PG. DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Barclays increased their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $180.53.

Insider Activity

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $1.20 on Thursday, reaching $167.43. 4,132,297 shares of the company were exchanged, compared to its average volume of 7,479,630. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The firm has a market cap of $394.31 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a 50-day moving average of $168.65 and a 200-day moving average of $169.39.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. Procter & Gamble's revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, January 24th. Procter & Gamble's payout ratio is 64.17%.

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.