Autumn Glory Partners LLC Has $1.24 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Autumn Glory Partners LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,386 shares of the company’s stock after selling 2,855 shares during the period. Autumn Glory Partners LLC’s holdings in Procter & Gamble were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Campbell Wealth Management lifted its position in Procter & Gamble by 69.1% during the fourth quarter. Campbell Wealth Management now owns 2,599 shares of the company’s stock worth $436,000 after acquiring an additional 1,062 shares during the last quarter. Asset Planning Inc acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $1,569,000. Vicus Capital increased its holdings in shares of Procter & Gamble by 6.7% during the fourth quarter. Vicus Capital now owns 3,125 shares of the company’s stock worth $524,000 after purchasing an additional 195 shares during the period. Banque Pictet & Cie SA increased its holdings in shares of Procter & Gamble by 146.0% during the fourth quarter. Banque Pictet & Cie SA now owns 554,813 shares of the company’s stock worth $93,014,000 after purchasing an additional 329,273 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Procter & Gamble by 7.1% during the fourth quarter. V Square Quantitative Management LLC now owns 49,540 shares of the company’s stock worth $8,305,000 after purchasing an additional 3,270 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Performance

NYSE PG opened at $162.84 on Friday. The firm’s fifty day moving average price is $166.73 and its two-hundred day moving average price is $169.45. The stock has a market cap of $381.84 billion, a PE ratio of 25.93, a PEG ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,097 shares of company stock worth $25,635,076. Company insiders own 0.18% of the company’s stock.

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.