The Procter & Gamble Company (NYSE:PG) Shares Sold by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 63.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,043 shares of the company’s stock after selling 3,482 shares during the period. Colton Groome Financial Advisors LLC’s holdings in Procter & Gamble were worth $299,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PG. Moneta Group Investment Advisors LLC boosted its position in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares in the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $3,752,321,000. Morgan Stanley lifted its position in shares of Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Barclays PLC lifted its position in shares of Procter & Gamble by 118.1% during the 2nd quarter. Barclays PLC now owns 6,334,342 shares of the company’s stock valued at $961,170,000 after buying an additional 3,429,929 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Procter & Gamble by 106.2% during the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock valued at $898,943,000 after buying an additional 3,159,796 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The stock was 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 of the company’s stock, valued at $768,256.49. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly 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 a total of 279,063 shares of company stock valued at $43,187,745 over the last quarter. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PG. Deutsche Bank Aktiengesellschaft raised their price objective on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Barclays raised their price objective on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Raymond James raised their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Seven 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $168.53.

Procter & Gamble Stock Up 0.1 %

PG stock traded up $0.20 during trading on Thursday, hitting $157.16. 7,812,560 shares of the company’s stock were exchanged, compared to its average volume of 6,858,717. The business has a 50-day moving average price of $159.16 and a two-hundred day moving average price of $152.80. The stock has a market capitalization of $369.80 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its 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 firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. As a group, equities research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.56%. Procter & Gamble’s payout ratio is 62.98%.

Procter & Gamble Company Profile

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.