49 Wealth Management LLC Has $952,000 Position in The Procter & Gamble Company (NYSE:PG)

49 Wealth Management LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,680 shares of the company’s stock after selling 69 shares during the quarter. 49 Wealth Management LLC’s holdings in Procter & Gamble were worth $952,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PG. DCM Advisors LLC raised its position in Procter & Gamble by 8.0% during the fourth quarter. DCM Advisors LLC now owns 10,555 shares of the company’s stock valued at $1,770,000 after acquiring an additional 786 shares in the last quarter. Novem Group bought a new position in Procter & Gamble during the fourth quarter valued at approximately $970,000. 10Elms LLP bought a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Procter & Gamble by 14.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 449,951 shares of the company’s stock valued at $75,434,000 after acquiring an additional 56,117 shares in the last quarter. Finally, Financial Avengers Inc. raised its position in Procter & Gamble by 1.7% during the fourth quarter. Financial Avengers Inc. now owns 38,012 shares of the company’s stock valued at $6,373,000 after acquiring an additional 629 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,520 shares of company stock worth $10,999,268 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.1%

Shares of PG stock opened at $165.49 on Thursday. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm’s fifty day simple moving average is $164.31 and its 200 day simple moving average is $167.29. The firm has a market capitalization of $388.00 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.55%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 66.98%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PG shares. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.52.

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.