Baker Chad R Sells 1,045 Shares of The Procter & Gamble Company (NYSE:PG)

Baker Chad R reduced its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,481 shares of the company’s stock after selling 1,045 shares during the quarter. Procter & Gamble accounts for approximately 1.8% of Baker Chad R’s portfolio, making the stock its 24th largest position. Baker Chad R’s holdings in Procter & Gamble were worth $7,837,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. First Citizens Bank & Trust Co. lifted its stake in Procter & Gamble by 12.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 98,269 shares of the company’s stock worth $14,400,000 after purchasing an additional 10,920 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in Procter & Gamble by 0.5% in the fourth quarter. Pinnacle Financial Partners Inc now owns 180,785 shares of the company’s stock worth $26,492,000 after purchasing an additional 952 shares during the last quarter. Wolf Group Capital Advisors lifted its stake in Procter & Gamble by 5.7% in the fourth quarter. Wolf Group Capital Advisors now owns 10,289 shares of the company’s stock worth $1,561,000 after purchasing an additional 552 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of Procter & Gamble by 23.3% during the fourth quarter. Iron Horse Wealth Management LLC now owns 1,275 shares of the company’s stock valued at $187,000 after acquiring an additional 241 shares during the last quarter. Finally, Essex Savings Bank lifted its holdings in shares of Procter & Gamble by 5.0% during the fourth quarter. Essex Savings Bank now owns 29,813 shares of the company’s stock valued at $4,369,000 after purchasing an additional 1,430 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PG has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.41.

Get Our Latest Report on PG

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on 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 in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.0 %

Shares of Procter & Gamble stock opened at $160.57 on Wednesday. The company’s fifty day simple moving average is $159.25 and its 200-day simple moving average is $152.32. The stock has a market capitalization of $377.82 billion, a PE ratio of 26.90, a P/E/G ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results 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 business 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%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Procter & Gamble Profile

(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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