Altavista Wealth Management Inc. cut its position in shares of Procter & Gamble Co (NYSE:PG) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,112 shares of the company’s stock after selling 358 shares during the period. Procter & Gamble Co makes up approximately 1.9% of Altavista Wealth Management Inc.’s portfolio, making the stock its 20th largest position. Altavista Wealth Management Inc.’s holdings in Procter & Gamble Co were worth $3,457,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. American National Bank raised its position in shares of Procter & Gamble Co by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock worth $102,000 after buying an additional 788 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of Procter & Gamble Co during the fourth quarter worth approximately $147,000. JJJ Advisors Inc. purchased a new position in shares of Procter & Gamble Co during the fourth quarter worth approximately $149,000. New Capital Management LP purchased a new position in shares of Procter & Gamble Co during the fourth quarter worth approximately $210,000. Finally, Loudon Investment Management LLC raised its stake in Procter & Gamble Co by 1.9% in the fourth quarter. Loudon Investment Management LLC now owns 2,515 shares of the company’s stock valued at $211,000 after buying an additional 48 shares during the period. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
Procter & Gamble Co (NYSE:PG) traded down 0.79% during midday trading on Friday, reaching $88.62. The company had a trading volume of 9,061,218 shares. Procter & Gamble Co has a one year low of $79.10 and a one year high of $92.00. The company has a 50-day moving average price of $90.34 and a 200-day moving average price of $87.21. The stock has a market capitalization of $226.56 billion, a price-to-earnings ratio of 16.24 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 21st will be given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, April 19th. This is an increase from Procter & Gamble Co’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.11%. Procter & Gamble Co’s dividend payout ratio is presently 48.73%.
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Several analysts have recently issued reports on PG shares. B. Riley lowered Procter & Gamble Co from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $106.00 to $91.00 in a report on Monday, March 6th. Jefferies Group LLC increased their target price on Procter & Gamble Co from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Royal Bank of Canada set a $76.00 price objective on Procter & Gamble Co and gave the company a “hold” rating in a research note on Monday, January 2nd. Zacks Investment Research raised Procter & Gamble Co from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Goldman Sachs Group Inc lowered Procter & Gamble Co from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $86.00 to $77.00 in a research note on Monday, January 9th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Procter & Gamble Co currently has a consensus rating of “Hold” and an average target price of $91.19.
In other news, SVP Valarie L. Sheppard sold 20,910 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $87.00, for a total transaction of $1,819,170.00. Following the sale, the senior vice president now directly owns 37,835 shares of the company’s stock, valued at $3,291,645. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suranjan Magesvaran sold 6,296 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $89.85, for a total transaction of $565,695.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,936 shares of company stock worth $35,928,133. Insiders own 0.35% of the company’s stock.
About Procter & Gamble Co
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
