The Procter & Gamble Company (NYSE:PG) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 80.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,743 shares of the company's stock after selling 160,806 shares during the period. Wealthfront Advisers LLC's holdings in Procter & Gamble were worth $6,495,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares during the period. FMR LLC lifted its position in Procter & Gamble by 2.7% in the third quarter. FMR LLC now owns 26,556,319 shares of the company's stock valued at $4,599,554,000 after purchasing an additional 689,282 shares during the period. Franklin Resources Inc. lifted its position in Procter & Gamble by 10.2% in the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares during the period. Fisher Asset Management LLC lifted its position in Procter & Gamble by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock valued at $3,133,850,000 after purchasing an additional 312,203 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company's stock valued at $2,830,252,000 after purchasing an additional 459,437 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Remove Ads

Procter & Gamble Trading Up 0.1 %

PG stock traded up $0.13 during midday trading on Thursday, hitting $168.50. The stock had a trading volume of 6,608,683 shares, compared to its average volume of 6,430,195. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company's 50-day moving average price is $167.21 and its 200 day moving average price is $169.82. The firm has a market cap of $395.10 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (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 company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the previous year, the company earned $1.84 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. DA Davidson reiterated 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 target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Finally, 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 research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.47.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on 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 transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

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.