Strategy Asset Managers LLC Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Strategy Asset Managers LLC cut its stake in The Procter & Gamble Company (NYSE:PG) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,642 shares of the company’s stock after selling 76 shares during the period. Strategy Asset Managers LLC’s holdings in Procter & Gamble were worth $778,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PG. NewSquare Capital LLC lifted its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC increased its holdings in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock valued at $35,000 after acquiring an additional 101 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $39,000. Finally, Bay Harbor Wealth Management LLC lifted its stake in Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after purchasing an additional 243 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction 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 directly 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 legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction 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 sale, 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. Over the last ninety days, insiders sold 143,450 shares of company stock worth $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $167.94 on Friday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market capitalization of $393.80 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The business has a 50 day moving average price of $168.60 and a two-hundred day moving average price of $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.40%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.82.

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.