The Procter & Gamble Company (NYSE:PG) Shares Sold by Ellis Investment Partners LLC

by · The Cerbat Gem

Ellis Investment Partners LLC reduced its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,575 shares of the company’s stock after selling 665 shares during the period. Ellis Investment Partners LLC’s holdings in Procter & Gamble were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PG. Financial Council Asset Management Inc boosted its position in shares of Procter & Gamble by 5.4% in the fourth quarter. Financial Council Asset Management Inc now owns 15,360 shares of the company’s stock worth $2,251,000 after acquiring an additional 781 shares during the last quarter. Clarius Group LLC boosted its position in shares of Procter & Gamble by 11.1% in the fourth quarter. Clarius Group LLC now owns 25,756 shares of the company’s stock worth $3,774,000 after acquiring an additional 2,582 shares during the last quarter. Adamsbrown Wealth Consultants LLC boosted its position in shares of Procter & Gamble by 13.4% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 1,717 shares of the company’s stock worth $252,000 after acquiring an additional 203 shares during the last quarter. Hartford Financial Management Inc. boosted its position in shares of Procter & Gamble by 0.5% in the fourth quarter. Hartford Financial Management Inc. now owns 31,899 shares of the company’s stock worth $4,675,000 after acquiring an additional 154 shares during the last quarter. Finally, Cassia Capital Partners LLC boosted its position in shares of Procter & Gamble by 4.0% in the fourth quarter. Cassia Capital Partners LLC now owns 4,575 shares of the company’s stock worth $670,000 after acquiring an additional 176 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Barclays raised their price target on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, Raymond James raised their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $168.53.

Read Our Latest Research Report on PG

Procter & Gamble Stock Down 0.3 %

Shares of NYSE:PG opened at $155.33 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $159.32 and a 200 day simple moving average of $152.57. The firm has a market cap of $365.49 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 62.98%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,063 shares of company stock worth $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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