LVW Advisors LLC Sells 423 Shares of The Procter & Gamble Company (NYSE:PG)

LVW Advisors LLC trimmed its position in The Procter & Gamble Company (NYSE:PG) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,835 shares of the company’s stock after selling 423 shares during the period. LVW Advisors LLC’s holdings in Procter & Gamble were worth $1,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Fiera Capital Corp raised its holdings in shares of 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 buying an additional 19,013 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Procter & Gamble by 9.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock valued at $1,297,000 after acquiring an additional 705 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble in the 2nd quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in Procter & Gamble by 36.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock valued at $2,352,000 after purchasing an additional 3,932 shares during the last quarter. Finally, Harmony Asset Management LLC increased its holdings in shares of Procter & Gamble by 23.9% in the second quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock valued at $396,000 after purchasing an additional 464 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Barclays dropped their target price on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Friday. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price objective on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $161.35 on Tuesday. 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 business has a 50 day simple moving average of $169.19 and a two-hundred day simple moving average of $169.46. The stock has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43.

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, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 EPS. As a group, analysts predict that The Procter & Gamble Company will post 6.93 EPS for the current fiscal 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 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 2.50%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,447 shares of company stock worth $12,978,820. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.