Advocate Group LLC Sells 691 Shares of The Procter & Gamble Company (NYSE:PG)

Advocate Group LLC cut its holdings in The Procter & Gamble Company (NYSE:PG) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,160 shares of the company’s stock after selling 691 shares during the quarter. Procter & Gamble accounts for approximately 1.6% of Advocate Group LLC’s holdings, making the stock its 20th largest position. Advocate Group LLC’s holdings in Procter & Gamble were worth $8,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Toth Financial Advisory Corp lifted its holdings in shares of Procter & Gamble by 3.7% during the 4th quarter. Toth Financial Advisory Corp now owns 44,873 shares of the company’s stock valued at $7,523,000 after buying an additional 1,613 shares during the period. CFS Investment Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 5.1% during the 4th quarter. CFS Investment Advisory Services LLC now owns 29,263 shares of the company’s stock valued at $4,906,000 after buying an additional 1,432 shares during the period. Grimes & Company Inc. lifted its holdings in shares of Procter & Gamble by 1.5% during the 4th quarter. Grimes & Company Inc. now owns 33,151 shares of the company’s stock valued at $5,558,000 after buying an additional 485 shares during the period. Lantz Financial LLC increased its stake in shares of Procter & Gamble by 2.9% in the 4th quarter. Lantz Financial LLC now owns 5,196 shares of the company’s stock worth $871,000 after purchasing an additional 147 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its position in Procter & Gamble by 2.9% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 54,981 shares of the company’s stock valued at $9,218,000 after purchasing an additional 1,553 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PG shares. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday. Finally, UBS Group decreased their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Eight investment 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 has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Down 1.0 %

PG opened at $164.41 on Monday. The firm has a market cap of $387.20 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $168.85 and a 200 day moving average of $169.37.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. During the same quarter last year, the business posted $1.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

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.