Jessup Wealth Management Inc Sells 18,725 Shares of The Procter & Gamble Company (NYSE:PG)

Jessup Wealth Management Inc reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,560 shares of the company’s stock after selling 18,725 shares during the period. Procter & Gamble makes up about 2.8% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 14th largest position. Jessup Wealth Management Inc’s holdings in Procter & Gamble were worth $6,632,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC grew its position in Procter & Gamble by 3.4% during the fourth quarter. Private Advisor Group LLC now owns 369,759 shares of the company’s stock worth $61,990,000 after buying an additional 12,119 shares in the last quarter. Financial Perspectives Inc grew its holdings in shares of Procter & Gamble by 19.6% during the 4th quarter. Financial Perspectives Inc now owns 810 shares of the company’s stock worth $136,000 after purchasing an additional 133 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of Procter & Gamble by 242.1% during the fourth quarter. Alberta Investment Management Corp now owns 52,345 shares of the company’s stock valued at $8,776,000 after purchasing an additional 37,045 shares during the period. Summit Place Financial Advisors LLC increased its holdings in Procter & Gamble by 0.9% in the 4th quarter. Summit Place Financial Advisors LLC now owns 12,525 shares of the company’s stock valued at $2,100,000 after buying an additional 108 shares during the period. Finally, TKG Advisors LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $2,221,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PG. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. UBS Group decreased their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

Shares of PG opened at $166.46 on Thursday. The firm has a market capitalization of $390.33 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.66 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business’s fifty day moving average price is $166.13 and its two-hundred day moving average price is $169.44.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s payout ratio is presently 64.17%.

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.