Constitution Capital LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Constitution Capital LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,996 shares of the company’s stock after selling 390 shares during the period. Procter & Gamble accounts for about 2.5% of Constitution Capital LLC’s holdings, making the stock its 12th largest holding. Constitution Capital LLC’s holdings in Procter & Gamble were worth $4,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the second quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter valued at about $33,000. Quest Partners LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $36,000. Costello Asset Management INC grew its stake in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new stake in Procter & Gamble in the second quarter valued at approximately $58,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $161.35 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $169.32 and a 200 day moving average price of $169.39. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The stock has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.93 EPS 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. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. Barclays dropped their price objective on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday. Stifel Nicolaus decreased their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Evercore ISI increased their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Activity

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock worth $13,317,460 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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.