44 Wealth Management LLC Sells 566 Shares of The Procter & Gamble Company (NYSE:PG)

44 Wealth Management LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,994 shares of the company’s stock after selling 566 shares during the quarter. Procter & Gamble makes up approximately 1.1% of 44 Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. 44 Wealth Management LLC’s holdings in Procter & Gamble were worth $2,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. Redmond Asset Management LLC raised its holdings in Procter & Gamble by 260.3% in the 4th quarter. Redmond Asset Management LLC now owns 23,569 shares of the company’s stock valued at $3,951,000 after buying an additional 17,028 shares during the last quarter. Oxbow Advisors LLC raised its holdings in Procter & Gamble by 4.5% in the 4th quarter. Oxbow Advisors LLC now owns 10,368 shares of the company’s stock valued at $1,738,000 after buying an additional 451 shares during the last quarter. Winebrenner Capital Management LLC bought a new position in Procter & Gamble in the 4th quarter valued at approximately $1,978,000. Prentice Wealth Management LLC increased its position in Procter & Gamble by 5.2% during the 4th quarter. Prentice Wealth Management LLC now owns 4,350 shares of the company’s stock valued at $729,000 after purchasing an additional 215 shares during the period. Finally, Bell Bank increased its position in Procter & Gamble by 2.4% during the 4th quarter. Bell Bank now owns 10,122 shares of the company’s stock valued at $1,697,000 after purchasing an additional 234 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $170.17 on Friday. The company has a fifty day simple moving average of $166.04 and a 200 day simple moving average of $169.44. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $399.02 billion, a P/E ratio of 27.10, a PEG ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the business earned $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Analysts Set New Price Targets

A number of analysts have weighed in on PG shares. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble 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 completion of the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.