Procter & Gamble (PG) Position Reduced by Aspiriant LLC

Aspiriant LLC trimmed its position in shares of Procter & Gamble (NYSE:PG) by 93.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,878 shares of the company’s stock after selling 67,938 shares during the quarter. Aspiriant LLC’s holdings in Procter & Gamble were worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PG. Beach Investment Management LLC. purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $6,942,000. RiverPoint Capital Management LLC boosted its holdings in shares of Procter & Gamble by 1.1% during the 2nd quarter. RiverPoint Capital Management LLC now owns 296,885 shares of the company’s stock valued at $25,874,000 after acquiring an additional 3,286 shares during the last quarter. Alethea Capital Management LLC boosted its holdings in shares of Procter & Gamble by 6.2% during the 2nd quarter. Alethea Capital Management LLC now owns 6,000 shares of the company’s stock valued at $522,000 after acquiring an additional 350 shares during the last quarter. Ifrah Financial Services Inc. purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $249,000. Finally, Intersect Capital LLC boosted its holdings in shares of Procter & Gamble by 47.2% during the 2nd quarter. Intersect Capital LLC now owns 45,142 shares of the company’s stock valued at $3,934,000 after acquiring an additional 14,470 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

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PG has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Procter & Gamble in a research note on Tuesday, December 19th. They issued a “buy” rating and a $91.88 price objective on the stock. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, January 8th. Goldman Sachs upgraded shares of Procter & Gamble from a “sell” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research note on Tuesday, January 16th. JPMorgan Chase increased their price objective on shares of Procter & Gamble from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Hold” and an average target price of $85.52.

NYSE PG opened at $78.43 on Wednesday. Procter & Gamble has a 12 month low of $75.81 and a 12 month high of $94.67. The company has a market cap of $197,571.08, a price-to-earnings ratio of 20.01, a PEG ratio of 2.49 and a beta of 0.56. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The company had revenue of $17.40 billion for the quarter, compared to analysts’ expectations of $17.39 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. analysts expect that Procter & Gamble will post 4.17 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th will be paid a dividend of $0.7172 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date is Thursday, April 19th. This represents a $2.87 dividend on an annualized basis and a yield of 3.66%. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.41%.

In other news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Jon R. Moeller sold 3,252 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $255,574.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,011 shares of company stock worth $9,710,976. 0.35% of the stock is owned by company insiders.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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