Midwest Financial Group LLC Sells 100 Shares of The Procter & Gamble Company (NYSE:PG)

Midwest Financial Group LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,101 shares of the company’s stock after selling 100 shares during the quarter. Midwest Financial Group LLC’s holdings in Procter & Gamble were worth $688,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in Procter & Gamble by 2.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 73,223 shares of the company’s stock worth $12,276,000 after buying an additional 1,557 shares in the last quarter. CX Institutional increased its holdings in shares of Procter & Gamble by 113.5% in the 4th quarter. CX Institutional now owns 102,901 shares of the company’s stock valued at $17,251,000 after acquiring an additional 54,699 shares during the period. Encompass More Asset Management raised its position in shares of Procter & Gamble by 4.8% in the 4th quarter. Encompass More Asset Management now owns 5,561 shares of the company’s stock worth $932,000 after acquiring an additional 255 shares in the last quarter. Impact Partnership Wealth LLC lifted its stake in shares of Procter & Gamble by 10.5% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,107 shares of the company’s stock worth $689,000 after purchasing an additional 389 shares during the last quarter. Finally, Southland Equity Partners LLC boosted its position in Procter & Gamble by 6.4% during the fourth quarter. Southland Equity Partners LLC now owns 46,512 shares of the company’s stock valued at $7,798,000 after purchasing an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.0 %

Shares of PG stock opened at $164.41 on Friday. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43. The stock has a market cap of $387.20 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The stock has a 50 day moving average of $168.85 and a 200 day moving average of $169.34. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts have commented on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. UBS Group cut their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus increased their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $180.53.

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.