Spinnaker Investment Group LLC Sells 167 Shares of The Procter & Gamble Company (NYSE:PG)

Spinnaker Investment Group LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,782 shares of the company’s stock after selling 167 shares during the period. Procter & Gamble makes up about 0.3% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 28th biggest position. Spinnaker Investment Group LLC’s holdings in Procter & Gamble were worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble in the third quarter valued at $33,000. Costello Asset Management INC grew its position in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Procter & Gamble during the 2nd quarter valued at $58,000. Mendota Financial Group LLC boosted its stake in Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after purchasing an additional 138 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after purchasing an additional 233 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade 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 owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Evercore ISI increased their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Price Performance

NYSE PG opened at $164.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $387.20 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The business has a 50 day simple moving average of $168.96 and a 200 day simple moving average of $169.36. The Procter & Gamble Company has a 52-week low of $152.06 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Procter & Gamble 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.