Mirabaud & Cie SA Cuts Holdings in The Procter & Gamble Company (NYSE:PG)

Mirabaud & Cie SA lessened its stake in The Procter & Gamble Company (NYSE:PG) by 50.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,611 shares of the company’s stock after selling 27,566 shares during the quarter. Procter & Gamble accounts for approximately 1.4% of Mirabaud & Cie SA’s portfolio, making the stock its 16th biggest position. Mirabaud & Cie SA’s holdings in Procter & Gamble were worth $4,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $33,000. Costello Asset Management INC increased its stake in Procter & Gamble by 2,142.9% in the third 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 last quarter. William B. Walkup & Associates Inc. acquired a new stake in Procter & Gamble during the second quarter worth approximately $58,000. Mendota Financial Group LLC lifted its position in shares of Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after buying an additional 138 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Procter & Gamble by 138.7% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after buying an additional 233 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.8 %

Shares of Procter & Gamble stock opened at $164.57 on Thursday. The company has a 50-day moving average of $169.01 and a two-hundred day moving average of $169.41. 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 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $387.56 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.92 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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 issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PG. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Insiders Place Their Bets

In other Procter & Gamble news, 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 value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently 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.