GPS Wealth Strategies Group LLC Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

GPS Wealth Strategies Group LLC lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,423 shares of the company’s stock after selling 112 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Procter & Gamble were worth $2,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Horst & Graben Wealth Management LLC grew its stake in Procter & Gamble by 171.3% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 15,796 shares of the company’s stock valued at $2,648,000 after acquiring an additional 9,973 shares during the period. CGC Financial Services LLC increased its stake in Procter & Gamble by 12.9% during the 4th quarter. CGC Financial Services LLC now owns 631 shares of the company’s stock worth $106,000 after buying an additional 72 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of Procter & Gamble by 1.2% during the fourth quarter. Valley National Advisers Inc. now owns 6,507 shares of the company’s stock valued at $1,090,000 after acquiring an additional 76 shares during the last quarter. McAdam LLC lifted its position in shares of Procter & Gamble by 6.9% in the fourth quarter. McAdam LLC now owns 5,562 shares of the company’s stock valued at $932,000 after acquiring an additional 359 shares in the last quarter. Finally, Round Rock Advisors LLC boosted its stake in shares of Procter & Gamble by 60.4% in the fourth quarter. Round Rock Advisors LLC now owns 5,781 shares of the company’s stock worth $969,000 after acquiring an additional 2,178 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.9 %

Procter & Gamble stock opened at $165.98 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a 50 day moving average price of $168.34 and a 200 day moving average price of $169.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a market capitalization of $389.20 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted 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. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on PG shares. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Evercore ISI upped their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.53.

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.