Frank Rimerman Advisors LLC Sells 13,480 Shares of The Procter & Gamble Company (NYSE:PG)

Frank Rimerman Advisors LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,236 shares of the company’s stock after selling 13,480 shares during the period. Frank Rimerman Advisors LLC’s holdings in Procter & Gamble were worth $2,051,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. First Financial Group Corp bought a new position in Procter & Gamble during the fourth quarter worth about $388,000. Harbour Investment Management LLC lifted its stake in Procter & Gamble by 3.1% during the fourth quarter. Harbour Investment Management LLC now owns 17,863 shares of the company’s stock worth $2,995,000 after purchasing an additional 539 shares during the period. Harrington Investments INC lifted its stake in Procter & Gamble by 1.8% during the fourth quarter. Harrington Investments INC now owns 9,617 shares of the company’s stock worth $1,612,000 after purchasing an additional 172 shares during the period. Van Strum & Towne Inc. lifted its stake in Procter & Gamble by 1.5% during the fourth quarter. Van Strum & Towne Inc. now owns 51,659 shares of the company’s stock worth $8,661,000 after purchasing an additional 770 shares during the period. Finally, Montis Financial LLC lifted its stake in Procter & Gamble by 2.8% during the fourth quarter. Montis Financial LLC now owns 3,318 shares of the company’s stock worth $556,000 after purchasing an additional 91 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $168.20 on Friday. The firm’s 50 day moving average price is $167.27 and its two-hundred day moving average price is $169.80. The stock has a market cap of $394.39 billion, a PE ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week 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 announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target 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. Stifel Nicolaus raised their price target on shares of 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 reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Barclays raised their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This trade represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. 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.