Tounjian Advisory Partners LLC Cuts Holdings in Procter & Gamble Company (The) $PG

Tounjian Advisory Partners LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 78.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,712 shares of the company’s stock after selling 13,814 shares during the period. Tounjian Advisory Partners LLC’s holdings in Procter & Gamble were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its stake in shares of Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after acquiring an additional 1,016 shares in the last quarter. Auxano Advisors LLC lifted its position in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after acquiring an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.3%

NYSE:PG opened at $144.41 on Friday. The company has a market capitalization of $335.61 billion, a P/E ratio of 21.39, a PEG ratio of 4.82 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80. The firm has a fifty day simple moving average of $154.07 and a 200-day simple moving average of $150.68.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Barclays set a $155.00 price target on Procter & Gamble in a research report on Friday, January 16th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. BNP Paribas Exane decreased their price target on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Finally, UBS Group boosted their price target on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.