Uncommon Cents Investing LLC Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

Uncommon Cents Investing LLC decreased its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,170 shares of the company’s stock after selling 400 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Procter & Gamble were worth $699,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its stake in shares of Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares during the period. Westwood Holdings Group Inc. increased its holdings in Procter & Gamble by 9.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after acquiring an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in Procter & Gamble by 36.7% during the second quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock valued at $2,352,000 after purchasing an additional 3,932 shares in the last quarter. Finally, Harmony Asset Management LLC boosted its position in shares of Procter & Gamble by 23.9% in the second quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock worth $396,000 after purchasing an additional 464 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % 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, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,447 shares of company stock valued at $12,978,820 in the last quarter. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $161.35 on Tuesday. The company’s fifty day simple moving average is $169.19 and its 200-day simple moving average is $169.46. The company has a market cap of $379.98 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 69.48%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Friday. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.65.

View Our Latest Research Report on PG

Procter & Gamble Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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