HMS Capital Management LLC Reduces Position in The Procter & Gamble Company (NYSE:PG)

HMS Capital Management LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 16.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,738 shares of the company’s stock after selling 1,121 shares during the period. HMS Capital Management LLC’s holdings in The Procter & Gamble were worth $777,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PG. OLD Mission Capital LLC bought a new position in The Procter & Gamble in the third quarter valued at about $349,000. Schonfeld Strategic Advisors LLC raised its stake in shares of The Procter & Gamble by 17.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 81,419 shares of the company’s stock worth $11,316,000 after buying an additional 11,815 shares during the period. IHT Wealth Management LLC raised its stake in shares of The Procter & Gamble by 16.7% in the third quarter. IHT Wealth Management LLC now owns 23,378 shares of the company’s stock worth $3,249,000 after buying an additional 3,350 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of The Procter & Gamble by 23.1% in the third quarter. Kingsview Wealth Management LLC now owns 33,846 shares of the company’s stock worth $4,704,000 after buying an additional 6,358 shares during the period. Finally, Chiron Capital Management LLC bought a new position in shares of The Procter & Gamble in the third quarter worth about $539,000. 63.05% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Stifel Nicolaus downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price objective on the stock. in a research note on Thursday, January 28th. Independent Research raised The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Friday, January 22nd. Sanford C. Bernstein assumed coverage on The Procter & Gamble in a research note on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on The Procter & Gamble from $156.00 to $159.00 and gave the stock a “buy” rating in a research note on Wednesday, January 13th. Finally, Zacks Investment Research downgraded The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective on the stock. in a research note on Thursday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The Procter & Gamble currently has an average rating of “Buy” and an average target price of $148.53.

PG traded up $0.44 on Monday, hitting $136.81. 240,772 shares of the company’s stock traded hands, compared to its average volume of 8,208,839. The company’s 50 day simple moving average is $129.60 and its 200-day simple moving average is $135.38. The firm has a market cap of $336.89 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a one year low of $111.25 and a one year high of $146.92. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. The business had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Friday, January 22nd were issued a dividend of $0.7907 per share. This represents a $3.16 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, January 21st. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

In other news, CEO Steven D. Bishop sold 3,173 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $399,068.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $125.77, for a total value of $227,769.47. The disclosure for this sale can be found here. Insiders have sold a total of 629,838 shares of company stock valued at $81,120,667 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

About The Procter & Gamble

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

Featured Article: How accurate is the Rule of 72?

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:PG).

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

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