Raab & Moskowitz Asset Management LLC Cuts Stake in The Procter & Gamble Company (NYSE:PG)

Raab & Moskowitz Asset Management LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,694 shares of the company’s stock after selling 571 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in The Procter & Gamble were worth $1,854,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. OLD Mission Capital LLC acquired a new stake in The Procter & Gamble in the third quarter valued at approximately $349,000. Schonfeld Strategic Advisors LLC grew its position in shares of The Procter & Gamble by 17.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 81,419 shares of the company’s stock worth $11,316,000 after buying an additional 11,815 shares in the last quarter. Sei Investments Co. lifted its stake in The Procter & Gamble by 23.5% during the third quarter. Sei Investments Co. now owns 751,647 shares of the company’s stock worth $104,586,000 after purchasing an additional 143,163 shares during the last quarter. Private Trust Co. NA lifted its stake in The Procter & Gamble by 4.6% during the fourth quarter. Private Trust Co. NA now owns 65,553 shares of the company’s stock worth $9,121,000 after purchasing an additional 2,892 shares during the last quarter. Finally, First Financial Bank Trust Division lifted its stake in The Procter & Gamble by 0.6% in the fourth quarter. First Financial Bank Trust Division now owns 307,093 shares of the company’s stock valued at $42,728,000 after buying an additional 1,705 shares during the last quarter. Institutional investors and hedge funds own 63.05% of the company’s stock.

NYSE PG traded up $0.19 during trading on Tuesday, hitting $135.19. The company’s stock had a trading volume of 174,509 shares, compared to its average volume of 8,280,199. The firm has a market cap of $330.98 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $111.25 and a 52 week high of $146.92. The firm has a 50 day moving average price of $133.89 and a 200 day moving average price of $134.79.

The Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The firm had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be given a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.57%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Thursday, April 22nd. The Procter & Gamble’s dividend payout ratio is 67.97%.

In other news, insider Deborah P. Majoras sold 12,872 shares of the company’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $135.47, for a total transaction of $1,743,769.84. Also, VP Valarie L. Sheppard sold 1,811 shares of the company’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total value of $227,769.47. The disclosure for this sale can be found here. Insiders sold 560,215 shares of company stock worth $72,179,449 over the last quarter. Company insiders own 0.70% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Friday, January 22nd. Morgan Stanley lowered their target price on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, April 26th. Stifel Nicolaus cut The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research note on Thursday, January 28th. Sanford C. Bernstein assumed coverage on The Procter & Gamble in a research note on Tuesday, January 19th. They set a “market perform” rating and a $149.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating on the stock in a research note on Thursday, April 22nd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $148.93.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: What is a capital gain?

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Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

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