Pathstone Holdings LLC Has $54.04 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Pathstone Holdings LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,420 shares of the company’s stock after selling 2,145 shares during the quarter. Pathstone Holdings LLC’s holdings in Procter & Gamble were worth $54,040,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parkwood LLC bought a new stake in Procter & Gamble during the 4th quarter worth approximately $5,779,000. Mufg Securities Americas Inc. acquired a new position in shares of Procter & Gamble during the fourth quarter worth $5,828,000. Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of Procter & Gamble in the fourth quarter worth $50,019,000. Nearwater Capital Markets Ltd bought a new position in Procter & Gamble during the 4th quarter worth $15,088,000. Finally, NorthRock Partners LLC lifted its holdings in Procter & Gamble by 219.3% during the 4th quarter. NorthRock Partners LLC now owns 48,633 shares of the company’s stock worth $8,153,000 after buying an additional 33,400 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PG shares. Raymond James lowered their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a research note on Thursday, May 1st. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.52.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $158.67 on Wednesday. The stock has a market cap of $372.01 billion, a PE ratio of 25.27, a PEG ratio of 3.76 and a beta of 0.41. The company’s fifty day moving average is $165.33 and its 200 day moving average is $167.43. 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 Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43.

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

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.66%. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

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.