Secure Asset Management LLC Sells 238 Shares of The Procter & Gamble Company (NYSE:PG)

Secure Asset Management LLC lessened its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,338 shares of the company’s stock after selling 238 shares during the quarter. Secure Asset Management LLC’s holdings in Procter & Gamble were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proquility Private Wealth Partners LLC lifted its stake in Procter & Gamble by 1.1% during the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after acquiring an additional 66 shares in the last quarter. KFA Private Wealth Group LLC lifted its stake in Procter & Gamble by 2.2% during the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after acquiring an additional 67 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in Procter & Gamble by 1.2% during the 4th quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after acquiring an additional 67 shares in the last quarter. Watchman Group Inc. lifted its stake in Procter & Gamble by 0.4% during the 3rd quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after acquiring an additional 68 shares in the last quarter. Finally, Auxier Asset Management raised its stake in shares of Procter & Gamble by 0.3% during the 3rd quarter. Auxier Asset Management now owns 20,448 shares of the company’s stock worth $2,983,000 after purchasing an additional 68 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.1 %

PG stock opened at $160.47 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $377.59 billion, a PE ratio of 26.88, a PEG ratio of 3.31 and a beta of 0.44. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The stock has a 50-day simple moving average of $158.99 and a two-hundred day simple moving average of $152.28.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insider Activity

In other news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PG shares. The Goldman Sachs Group started coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Barclays lifted their target price on Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. UBS Group lifted their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Get Our Latest Stock Analysis on Procter & Gamble

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.

Featured Stories

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGFree Report).

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.