Journey Advisory Group LLC Sells 468 Shares of The Procter & Gamble Company (NYSE:PG)

Journey Advisory Group LLC reduced its holdings in The Procter & Gamble Company (NYSE:PG) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,652 shares of the company’s stock after selling 468 shares during the period. Procter & Gamble makes up about 3.7% of Journey Advisory Group LLC’s investment portfolio, making the stock its 4th largest position. Journey Advisory Group LLC’s holdings in Procter & Gamble were worth $30,618,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PG. Fairhaven Wealth Management LLC lifted its stake in shares of Procter & Gamble by 5.1% in the fourth quarter. Fairhaven Wealth Management LLC now owns 2,009 shares of the company’s stock valued at $337,000 after buying an additional 98 shares during the period. Hendley & Co. Inc. raised its holdings in Procter & Gamble by 18.8% in the 4th quarter. Hendley & Co. Inc. now owns 49,105 shares of the company’s stock valued at $8,232,000 after acquiring an additional 7,755 shares in the last quarter. Stack Financial Management Inc lifted its position in shares of Procter & Gamble by 1.0% in the 4th quarter. Stack Financial Management Inc now owns 98,272 shares of the company’s stock worth $16,475,000 after acquiring an additional 962 shares during the period. Brown Financial Advisors grew its holdings in shares of Procter & Gamble by 83.3% during the 4th quarter. Brown Financial Advisors now owns 19,600 shares of the company’s stock worth $3,286,000 after purchasing an additional 8,905 shares in the last quarter. Finally, Wrapmanager Inc. increased its position in shares of Procter & Gamble by 3.4% during the fourth quarter. Wrapmanager Inc. now owns 11,658 shares of the company’s stock valued at $1,955,000 after purchasing an additional 384 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE PG opened at $170.41 on Tuesday. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm’s 50-day simple moving average is $166.02 and its 200 day simple moving average is $169.44. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $399.59 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on PG shares. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.42.

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.