Private Advisory Group LLC Cuts Holdings in Procter & Gamble Company (The) $PG

Private Advisory Group LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 96.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,303 shares of the company’s stock after selling 59,559 shares during the quarter. Private Advisory Group LLC’s holdings in Procter & Gamble were worth $330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth $25,000. Saranac Partners Ltd bought a new stake in Procter & Gamble during the third quarter valued at about $30,000. Corundum Trust Company INC purchased a new position in Procter & Gamble in the third quarter valued at about $32,000. Caitlin John LLC bought a new position in Procter & Gamble in the third quarter worth about $34,000. Finally, Marquette Asset Management LLC bought a new position in Procter & Gamble in the third quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PG shares. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. UBS Group raised their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Barclays set a $155.00 price target on shares of Procter & Gamble in a report on Friday, January 16th. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.83.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last quarter. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $144.76 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The stock’s fifty day moving average price is $153.93 and its 200 day moving average price is $149.97. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a market cap of $336.43 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is 62.67%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.