The Procter & Gamble Company (NYSE:PG) Shares Sold by Sequent Asset Management LLC

Sequent Asset Management LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,089 shares of the company’s stock after selling 319 shares during the quarter. Sequent Asset Management LLC’s holdings in Procter & Gamble were worth $853,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. CFM Wealth Partners LLC increased its stake in Procter & Gamble by 11.5% during the 4th quarter. CFM Wealth Partners LLC now owns 9,391 shares of the company’s stock valued at $1,574,000 after buying an additional 966 shares during the period. Horst & Graben Wealth Management LLC increased its stake in shares of Procter & Gamble by 171.3% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 15,796 shares of the company’s stock valued at $2,648,000 after acquiring an additional 9,973 shares during the period. CGC Financial Services LLC raised its holdings in Procter & Gamble by 12.9% during the fourth quarter. CGC Financial Services LLC now owns 631 shares of the company’s stock worth $106,000 after purchasing an additional 72 shares in the last quarter. Valley National Advisers Inc. lifted its position in Procter & Gamble by 1.2% in the fourth quarter. Valley National Advisers Inc. now owns 6,507 shares of the company’s stock worth $1,090,000 after purchasing an additional 76 shares during the period. Finally, McAdam LLC boosted its stake in Procter & Gamble by 6.9% during the 4th quarter. McAdam LLC now owns 5,562 shares of the company’s stock valued at $932,000 after purchasing an additional 359 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of a number of research reports. Evercore ISI boosted 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. Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” 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 note on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $168.90 on Tuesday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The business’s 50-day moving average price is $168.34 and its two-hundred day moving average price is $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $396.05 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $8,604,804.48. Following the completion of the sale, the chief executive officer now 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. In the last three months, insiders have sold 151,097 shares of company stock worth $25,635,076. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble 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.