Chicago Capital LLC Sells 1,432 Shares of The Procter & Gamble Company (NYSE:PG)

Chicago Capital LLC cut its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,808 shares of the company’s stock after selling 1,432 shares during the period. Chicago Capital LLC’s holdings in Procter & Gamble were worth $5,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $29,000. Mendota Financial Group LLC increased its holdings in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the second quarter worth approximately $50,000. CGC Financial Services LLC bought a new position in Procter & Gamble during the 2nd quarter worth $55,000. Finally, VitalStone Financial LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PG. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. Barclays boosted their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Royal Bank of Canada lifted their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus upped their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.41.

Get Our Latest Analysis on Procter & Gamble

Insider Buying and Selling at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 1.1 %

NYSE:PG opened at $160.47 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The firm’s 50 day simple moving average is $158.99 and its 200 day simple moving average is $152.28. The company has a market cap of $377.59 billion, a PE ratio of 26.88, a P/E/G ratio of 3.31 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is currently 62.98%.

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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

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