Mustard Seed Financial LLC Sells 87 Shares of The Procter & Gamble Company (NYSE:PG)

Mustard Seed Financial LLC trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,913 shares of the company’s stock after selling 87 shares during the quarter. Procter & Gamble accounts for 1.6% of Mustard Seed Financial LLC’s portfolio, making the stock its 17th biggest holding. Mustard Seed Financial LLC’s holdings in Procter & Gamble were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $33,000. Costello Asset Management INC lifted its holdings in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after purchasing an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Procter & Gamble during the second quarter valued at $58,000. Mendota Financial Group LLC lifted its holdings in shares of Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after purchasing an additional 138 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after purchasing an additional 233 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday. Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday. Finally, Barclays increased their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 directly owns 39,977 shares of the company’s stock, valued at approximately $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. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $164.41 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $152.06 and a 12-month high of $180.43. The stock has a 50-day moving average price of $168.96 and a 200 day moving average price of $169.36. The stock has a market capitalization of $387.20 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter last year, the business posted $1.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Procter & Gamble Company 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.