Ycg LLC cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 42.9% in the fourth quarter, Holdings Channel reports. The fund owned 131,029 shares of the company’s stock after selling 98,252 shares during the period. Procter & Gamble makes up approximately 2.4% of Ycg LLC’s investment portfolio, making the stock its 18th biggest position. Ycg LLC’s holdings in Procter & Gamble were worth $12,044,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in PG. Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in shares of Procter & Gamble by 17.1% in the third quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 85,146 shares of the company’s stock valued at $7,087,000 after purchasing an additional 12,410 shares in the last quarter. Windsor Group LTD grew its holdings in Procter & Gamble by 19.0% during the 4th quarter. Windsor Group LTD now owns 7,712 shares of the company’s stock worth $709,000 after acquiring an additional 1,233 shares in the last quarter. Chemical Bank grew its holdings in Procter & Gamble by 2.0% during the 3rd quarter. Chemical Bank now owns 107,731 shares of the company’s stock worth $8,966,000 after acquiring an additional 2,141 shares in the last quarter. Radnor Capital Management LLC grew its holdings in Procter & Gamble by 1.2% during the 4th quarter. Radnor Capital Management LLC now owns 60,503 shares of the company’s stock worth $5,561,000 after acquiring an additional 735 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its holdings in Procter & Gamble by 2,495.7% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 130,019 shares of the company’s stock worth $11,829,000 after acquiring an additional 125,010 shares in the last quarter. Institutional investors and hedge funds own 61.56% of the company’s stock.
PG stock traded down $0.02 on Tuesday, hitting $106.09. The company’s stock had a trading volume of 75,686 shares, compared to its average volume of 8,621,735. Procter & Gamble Co has a 1 year low of $72.60 and a 1 year high of $107.20. The company has a market cap of $262.79 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 3.36 and a beta of 0.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $0.7459 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.81%. Procter & Gamble’s dividend payout ratio is 70.62%.
Several research analysts have commented on PG shares. Morgan Stanley set a $111.00 price target on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, January 21st. Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Scotiabank restated a “buy” rating on shares of Procter & Gamble in a research report on Wednesday, January 30th. Finally, Wells Fargo & Co restated a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $101.42.
In other Procter & Gamble news, insider R. Alexandra Keith sold 3,027 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $98.57, for a total value of $298,371.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Valarie L. Sheppard sold 1,236 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $100.12, for a total transaction of $123,748.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,407,037 shares of company stock valued at $239,933,538. 1.84% of the stock is owned by insiders.
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Procter & Gamble Company Profile
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).
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