The Procter & Gamble Company (NYSE:PG) Position Lowered by Brady Family Wealth LLC

Brady Family Wealth LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,555 shares of the company’s stock after selling 562 shares during the quarter. Brady Family Wealth LLC’s holdings in Procter & Gamble were worth $3,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp lifted its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $36,000. Paces Ferry Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 18.1% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $394,000 after purchasing an additional 367 shares during the last quarter. Altrius Capital Management Inc grew its stake in Procter & Gamble by 2.5% during the 2nd quarter. Altrius Capital Management Inc now owns 26,695 shares of the company’s stock worth $4,403,000 after buying an additional 656 shares during the last quarter. Finally, Miramar Capital LLC acquired a new stake in Procter & Gamble in the second quarter worth $357,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price for the company. in a research report on Monday, September 30th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, UBS Group cut their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.05.

Procter & Gamble Stock Up 0.6 %

PG stock opened at $160.54 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market capitalization of $378.08 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The company’s 50 day simple moving average is $169.37 and its 200-day simple moving average is $169.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. This trade represents a 12.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,439 shares of company stock worth $13,317,460. 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.