Sigma Investment Counselors Inc. Has $4.97 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Sigma Investment Counselors Inc. cut its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,914 shares of the company’s stock after selling 86 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Procter & Gamble were worth $4,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dfpg Investments LLC boosted its stake in shares of Procter & Gamble by 1.7% during the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC boosted its stake in shares of Procter & Gamble by 6.3% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after buying an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC boosted its stake in shares of Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after buying an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after buying an additional 131,339 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Procter & Gamble by 26.9% during the 2nd quarter. Royal Bank of Canada now owns 10,823,380 shares of the company’s stock worth $1,642,339,000 after buying an additional 2,293,824 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.0 %

Shares of PG opened at $160.57 on Wednesday. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The firm’s 50 day moving average is $159.25 and its 200-day moving average is $152.32. The stock has a market capitalization of $377.82 billion, a PE ratio of 26.90, a P/E/G ratio of 3.28 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PG shares. Barclays increased their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.41.

Get Our Latest Analysis on Procter & Gamble

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGFree Report).

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

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