Pinnacle Wealth Planning Services Inc. Trims Holdings in The Procter & Gamble Company (NYSE:PG)

Pinnacle Wealth Planning Services Inc. decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 28.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,583 shares of the company’s stock after selling 6,203 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Procter & Gamble were worth $2,612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ethos Financial Group LLC lifted its position in Procter & Gamble by 86.4% during the fourth quarter. Ethos Financial Group LLC now owns 5,105 shares of the company’s stock worth $858,000 after buying an additional 2,367 shares in the last quarter. HS Management Partners LLC lifted its position in Procter & Gamble by 65.7% during the fourth quarter. HS Management Partners LLC now owns 231,545 shares of the company’s stock worth $38,819,000 after buying an additional 91,770 shares in the last quarter. Inceptionr LLC increased its stake in Procter & Gamble by 401.0% during the fourth quarter. Inceptionr LLC now owns 8,577 shares of the company’s stock worth $1,438,000 after acquiring an additional 6,865 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Procter & Gamble during the fourth quarter worth $1,010,685,000. Finally, Dana Investment Advisors Inc. increased its stake in Procter & Gamble by 10.0% during the fourth quarter. Dana Investment Advisors Inc. now owns 41,605 shares of the company’s stock worth $6,975,000 after acquiring an additional 3,784 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PG shares. 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. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was 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. This represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 1.0 %

NYSE:PG opened at $174.83 on Thursday. The stock has a 50-day simple moving average of $166.64 and a 200-day simple moving average of $169.69. The stock has a market cap of $409.95 billion, a P/E ratio of 27.84, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

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

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is currently 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.