Capital Wealth Management LLC Trims Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Capital Wealth Management LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224 shares of the company’s stock after selling 448 shares during the period. Capital Wealth Management LLC’s holdings in Procter & Gamble were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. M.E. Allison & CO. Inc. bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $1,533,000. Thrive Wealth Management LLC boosted its holdings in Procter & Gamble by 12.8% in the 4th quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock valued at $2,850,000 after purchasing an additional 1,929 shares during the period. Diversify Wealth Management LLC grew its position in shares of Procter & Gamble by 48.7% during the 4th quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock valued at $3,411,000 after purchasing an additional 7,045 shares in the last quarter. Smart Money Group LLC raised its position in shares of Procter & Gamble by 7.5% in the fourth quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock worth $886,000 after buying an additional 370 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Procter & Gamble by 5.3% during the fourth quarter. Annex Advisory Services LLC now owns 34,215 shares of the company’s stock valued at $5,736,000 after buying an additional 1,712 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $161.35 on Tuesday. The company’s fifty day simple moving average is $169.19 and its two-hundred day simple moving average is $169.46. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The firm has a market cap of $379.98 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the firm earned $1.83 earnings per share. Procter & Gamble’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Analysts Set New Price Targets

Several analysts have weighed in on PG shares. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. UBS Group dropped their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays decreased their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Finally, JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,447 shares of company stock valued at $12,978,820 over the last quarter. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.