Luts & Greenleigh Group Inc. Sells 241 Shares of The Procter & Gamble Company (NYSE:PG)

Luts & Greenleigh Group Inc. reduced its stake in The Procter & Gamble Company (NYSE:PG) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,351 shares of the company’s stock after selling 241 shares during the quarter. Luts & Greenleigh Group Inc.’s holdings in Procter & Gamble were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PG. Albion Financial Group UT raised its position in shares of Procter & Gamble by 1.0% in the 4th quarter. Albion Financial Group UT now owns 33,058 shares of the company’s stock worth $5,542,000 after purchasing an additional 320 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Procter & Gamble by 9.4% during the fourth quarter. Advisory Alpha LLC now owns 13,473 shares of the company’s stock valued at $2,259,000 after purchasing an additional 1,163 shares in the last quarter. West Branch Capital LLC boosted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. West Branch Capital LLC now owns 60,526 shares of the company’s stock valued at $10,147,000 after acquiring an additional 1,567 shares during the last quarter. Missouri Trust & Investment Co grew its position in Procter & Gamble by 0.7% in the 4th quarter. Missouri Trust & Investment Co now owns 12,985 shares of the company’s stock worth $2,177,000 after purchasing an additional 91 shares during the period. Finally, Braun Bostich & Associates Inc. boosted its stake in shares of Procter & Gamble by 3.1% in the 4th quarter. Braun Bostich & Associates Inc. now owns 3,379 shares of the company’s stock worth $566,000 after buying an additional 102 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $166.20 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The stock’s fifty day moving average price is $168.97 and its 200-day moving average price is $169.38. The firm has a market cap of $391.41 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.64 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly 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. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period last year, the business posted $1.84 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PG. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $180.25.

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.