The Procter & Gamble Company (NYSE:PG) Shares Sold by Clearwater Capital Advisors LLC

Clearwater Capital Advisors LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,196 shares of the company’s stock after selling 1,183 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in Procter & Gamble were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Procter & Gamble during the 4th quarter valued at about $1,010,685,000. Geode Capital Management LLC raised its holdings in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after buying an additional 3,619,466 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Procter & Gamble by 1,195.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock worth $580,596,000 after buying an additional 2,973,757 shares during the period. Franklin Resources Inc. grew its holdings in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after buying an additional 1,760,214 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Procter & Gamble in the 3rd quarter valued at approximately $301,950,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.2 %

Shares of PG opened at $168.20 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock has a market capitalization of $394.39 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.76 and a beta of 0.41. The business’s 50-day moving average price is $167.27 and its 200 day moving average price is $169.81.

Procter & Gamble (NYSE:PG) last released 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 net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PG shares. Barclays increased their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.47.

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.