The Procter & Gamble Company (NYSE:PG) Shares Sold by London & Capital Asset Management Ltd

London & Capital Asset Management Ltd reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 24.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,887 shares of the company’s stock after selling 9,123 shares during the period. London & Capital Asset Management Ltd’s holdings in Procter & Gamble were worth $4,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter worth about $29,000. Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth about $50,000. Morton Brown Family Wealth LLC boosted its stake in shares of Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after acquiring an additional 281 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in shares of Procter & Gamble by 49.7% during the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after acquiring an additional 151 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.6 %

Shares of NYSE PG traded up $0.98 during midday trading on Monday, reaching $156.31. 1,170,622 shares of the stock were exchanged, compared to its average volume of 6,798,639. The company has a 50 day simple moving average of $159.32 and a 200 day simple moving average of $152.63. The stock has a market capitalization of $367.80 billion, a P/E ratio of 26.18, a PEG ratio of 3.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14.

Procter & Gamble (NYSE:PG) last announced 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. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter last year, the firm earned $1.59 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PG shares. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. 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 research note on Friday. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note 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 research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. In 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

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.