Independent Investors Inc. Has $9.11 Million Stake in The Procter & Gamble Company (NYSE:PG)

Independent Investors Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,342 shares of the company’s stock after selling 400 shares during the quarter. Procter & Gamble comprises about 1.8% of Independent Investors Inc.’s investment portfolio, making the stock its 7th largest holding. Independent Investors Inc.’s holdings in Procter & Gamble were worth $9,110,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC increased its holdings in Procter & Gamble by 2.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 16,734 shares of the company’s stock valued at $2,805,000 after buying an additional 444 shares during the period. Inman Jager Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $1,623,000. Tyche Wealth Partners LLC raised its position in Procter & Gamble by 3.6% during the fourth quarter. Tyche Wealth Partners LLC now owns 39,203 shares of the company’s stock valued at $6,572,000 after purchasing an additional 1,376 shares in the last quarter. Summit Wealth Partners LLC lifted its stake in Procter & Gamble by 3,240.4% during the fourth quarter. Summit Wealth Partners LLC now owns 90,492 shares of the company’s stock worth $15,171,000 after purchasing an additional 87,783 shares during the last quarter. Finally, LCM Capital Management Inc boosted its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. LCM Capital Management Inc now owns 5,808 shares of the company’s stock valued at $974,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.0 %

NYSE PG opened at $168.96 on Friday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. 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 business has a 50 day simple moving average of $167.74 and a 200 day simple moving average of $169.41. The stock has a market capitalization of $396.18 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.73 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, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current 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. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on PG shares. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.