Roberts Glore & Co. Inc. IL Trims Position in Procter & Gamble Co (NYSE:PG)

Roberts Glore & Co. Inc. IL cut its position in Procter & Gamble Co (NYSE:PG) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,854 shares of the company’s stock after selling 135 shares during the period. Procter & Gamble comprises 1.2% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 22nd largest holding. Roberts Glore & Co. Inc. IL’s holdings in Procter & Gamble were worth $2,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New England Investment & Retirement Group Inc. purchased a new stake in shares of Procter & Gamble in the first quarter worth $28,000. Efficient Wealth Management LLC bought a new position in shares of Procter & Gamble during the first quarter worth $39,000. Wealthcare Capital Management LLC boosted its position in shares of Procter & Gamble by 126.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock worth $42,000 after acquiring an additional 189 shares during the last quarter. Pacifica Partners Inc. bought a new position in shares of Procter & Gamble during the fourth quarter worth $44,000. Finally, Lighthouse Financial Advisors Inc. bought a new position in shares of Procter & Gamble during the fourth quarter worth $44,000. 62.39% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on PG shares. Citigroup upped their target price on shares of Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Berenberg Bank restated a “hold” rating and set a $130.00 target price on shares of Procter & Gamble in a research report on Friday, January 24th. Bank of America restated a “buy” rating and set a $135.00 target price on shares of Procter & Gamble in a research report on Saturday, April 18th. Deutsche Bank upped their target price on shares of Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Morgan Stanley increased their price objective on shares of Procter & Gamble from $125.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Procter & Gamble has a consensus rating of “Buy” and a consensus target price of $130.31.

In related news, insider Deborah P. Majoras sold 12,589 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $122.68, for a total value of $1,544,418.52. Following the transaction, the insider now owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nelson Peltz sold 404,714 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the completion of the transaction, the director now directly owns 3,891 shares in the company, valued at approximately $439,721.91. The disclosure for this sale can be found here. Insiders sold a total of 8,802,488 shares of company stock valued at $1,048,532,939 in the last 90 days. Company insiders own 1.75% of the company’s stock.

Shares of Procter & Gamble stock traded up $0.98 during trading on Friday, hitting $112.60. The stock had a trading volume of 5,484,270 shares, compared to its average volume of 8,533,092. The firm’s fifty day simple moving average is $116.52 and its 200-day simple moving average is $120.19. The stock has a market cap of $276.33 billion, a PE ratio of 63.62, a PEG ratio of 3.14 and a beta of 0.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66. Procter & Gamble Co has a 12 month low of $94.34 and a 12 month high of $128.09.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The firm had revenue of $17.21 billion during the quarter, compared to analyst estimates of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. Analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $0.7907 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Thursday, April 23rd. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio (DPR) is 69.91%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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