The Procter & Gamble Company (NYSE:PG) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,595 shares of the company's stock after selling 1,810 shares during the period. Krilogy Financial LLC's holdings in Procter & Gamble were worth $2,782,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PG. Concurrent Investment Advisors LLC grew its stake in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock valued at $16,300,000 after purchasing an additional 4,035 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at $668,000. Fortem Financial Group LLC purchased a new position in Procter & Gamble during the 4th quarter worth $569,000. Nordea Investment Management AB lifted its stake in shares of Procter & Gamble by 7.5% in the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company's stock worth $484,583,000 after acquiring an additional 201,695 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of Procter & Gamble by 3.4% during the third quarter. Synovus Financial Corp now owns 185,134 shares of the company's stock worth $32,065,000 after acquiring an additional 6,077 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. DA Davidson reaffirmed a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Finally, Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.65.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE PG traded up $0.85 during midday trading on Monday, hitting $161.35. The stock had a trading volume of 7,218,206 shares, compared to its average volume of 5,628,331. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The company has a fifty day moving average price of $169.19 and a 200 day moving average price of $169.46.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm had revenue of $21.74 billion for the quarter, compared to analysts' expectations of $21.99 billion. During the same period in the previous year, the company posted $1.83 earnings per share. Procter & Gamble's revenue was down .6% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given 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 2.50%. Procter & Gamble's dividend payout ratio (DPR) is 69.48%.

Insider Activity at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company's stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Company 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.