Carrera Capital Advisors Sells 68 Shares of The Procter & Gamble Company (NYSE:PG)

Carrera Capital Advisors reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,713 shares of the company’s stock after selling 68 shares during the period. Carrera Capital Advisors’ holdings in Procter & Gamble were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the 3rd quarter worth about $33,000. Noble Wealth Management PBC acquired a new position in shares of Procter & Gamble in the fourth quarter worth approximately $39,000. Bay Harbor Wealth Management LLC lifted its stake in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after acquiring an additional 243 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $46,000. Finally, Costello Asset Management INC increased its position in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PG. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus upped their target price 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, JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Seven 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 company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.11.

Procter & Gamble Stock Down 1.5 %

Shares of NYSE PG opened at $173.02 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The stock has a market capitalization of $405.72 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a 50-day moving average price of $166.52 and a 200-day moving average price of $169.65.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.01%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on 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 owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 in the last quarter. 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.