Court Place Advisors LLC Sells 2,852 Shares of The Procter & Gamble Company (NYSE:PG)

Court Place Advisors LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 54,062 shares of the company’s stock after selling 2,852 shares during the quarter. Procter & Gamble comprises approximately 2.9% of Court Place Advisors LLC’s portfolio, making the stock its 7th largest holding. Court Place Advisors LLC’s holdings in Procter & Gamble were worth $9,064,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at $33,000. Costello Asset Management INC boosted its position in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after buying an additional 300 shares during the last quarter. Mendota Financial Group LLC grew its stake in shares of Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Procter & Gamble by 138.7% in the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after acquiring an additional 233 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in Procter & Gamble in the third quarter valued at about $70,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated 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 transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock worth $25,635,076 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group decreased their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Evercore ISI upped their target price 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. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $166.34 on Thursday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a market cap of $391.74 billion, a PE ratio of 26.49, a P/E/G ratio of 3.69 and a beta of 0.45. The stock has a 50 day simple moving average of $168.74 and a 200-day simple moving average of $169.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (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 analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

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.