Courier Capital LLC Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Courier Capital LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 39,864 shares of the company’s stock after selling 3,038 shares during the quarter. Courier Capital LLC’s holdings in Procter & Gamble were worth $5,842,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Highland Capital Management LLC increased its position in Procter & Gamble by 2.0% during the 4th quarter. Highland Capital Management LLC now owns 114,770 shares of the company’s stock valued at $16,818,000 after purchasing an additional 2,285 shares during the period. Columbia Trust Co 01012016 boosted its holdings in shares of Procter & Gamble by 36.8% during the 4th quarter. Columbia Trust Co 01012016 now owns 15,734 shares of the company’s stock valued at $2,306,000 after buying an additional 4,236 shares in the last quarter. Family Legacy Inc. boosted its holdings in shares of Procter & Gamble by 0.4% during the 4th quarter. Family Legacy Inc. now owns 26,460 shares of the company’s stock valued at $3,878,000 after buying an additional 108 shares in the last quarter. Canvas Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $227,000. Finally, Trust Co of the South bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $1,312,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PG has been the topic of a number of research reports. UBS Group boosted their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Monday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.41.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 in the last quarter. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $162.61 on Thursday. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $162.74. The business has a 50-day simple moving average of $158.17 and a two-hundred day simple moving average of $152.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a market cap of $382.62 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Procter & Gamble’s revenue was up 3.2% on a year-over-year basis. On average, analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.