Mission Wealth Management LP Trims Position in Procter & Gamble Co (NYSE:PG)

Mission Wealth Management LP cut its stake in shares of Procter & Gamble Co (NYSE:PG) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,817 shares of the company’s stock after selling 812 shares during the period. Mission Wealth Management LP’s holdings in Procter & Gamble were worth $2,850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Arjuna Capital boosted its position in shares of Procter & Gamble by 2.2% during the second quarter. Arjuna Capital now owns 30,138 shares of the company’s stock valued at $3,305,000 after buying an additional 649 shares during the last quarter. Bernardo Wealth Planning LLC grew its holdings in Procter & Gamble by 5.2% during the second quarter. Bernardo Wealth Planning LLC now owns 6,331 shares of the company’s stock valued at $694,000 after purchasing an additional 314 shares during the period. Point72 Asset Management L.P. bought a new position in Procter & Gamble during the second quarter valued at $4,463,000. Victory Capital Management Inc. increased its position in Procter & Gamble by 193.5% in the second quarter. Victory Capital Management Inc. now owns 622,529 shares of the company’s stock worth $68,260,000 after buying an additional 410,430 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in Procter & Gamble by 902.4% in the second quarter. Centaurus Financial Inc. now owns 5,102 shares of the company’s stock worth $559,000 after buying an additional 4,593 shares during the last quarter. 62.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Procter & Gamble stock opened at $126.09 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $315.24 billion, a PE ratio of 84.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.40. The business’s 50-day moving average price is $124.72 and its 200-day moving average price is $120.88. Procter & Gamble Co has a 12 month low of $89.08 and a 12 month high of $127.00.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, October 22nd. The company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.13. The company had revenue of $17.80 billion during the quarter, compared to the consensus estimate of $17.43 billion. Procter & Gamble had a return on equity of 25.07% and a net margin of 6.24%. Procter & Gamble’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, analysts predict that Procter & Gamble Co will post 4.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. This represents a $2.98 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s payout ratio is currently 65.93%.

In other news, CEO David S. Taylor sold 50,000 shares of Procter & Gamble stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $124.01, for a total value of $6,200,500.00. Following the transaction, the chief executive officer now owns 277,521 shares in the company, valued at $34,415,379.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 26,075 shares of Procter & Gamble stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.96, for a total value of $3,258,332.00. Following the completion of the transaction, the insider now owns 139,066 shares in the company, valued at approximately $17,377,687.36. The disclosure for this sale can be found here. Insiders have sold 1,247,348 shares of company stock worth $154,656,137 over the last quarter. Company insiders own 1.75% of the company’s stock.

Several equities research analysts recently weighed in on PG shares. TheStreet raised Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of Procter & Gamble from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. ValuEngine lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co lifted their price target on Procter & Gamble from $135.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on shares of Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and an average target price of $120.38.

Procter & Gamble 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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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