The Procter & Gamble Company (NYSE:PG) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,681 shares of the company’s stock after selling 5,671 shares during the period. Procter & Gamble accounts for about 1.4% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 22nd biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Procter & Gamble were worth $19,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PG. KFG Wealth Management LLC boosted its position in Procter & Gamble by 7.9% in the 3rd quarter. KFG Wealth Management LLC now owns 6,791 shares of the company’s stock valued at $991,000 after buying an additional 499 shares during the last quarter. Planning Alternatives Ltd. ADV boosted its position in Procter & Gamble by 9.0% in the 3rd quarter. Planning Alternatives Ltd. ADV now owns 2,182 shares of the company’s stock valued at $318,000 after buying an additional 180 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Procter & Gamble by 20.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 62,593 shares of the company’s stock valued at $9,130,000 after buying an additional 10,719 shares during the last quarter. Boston Trust Walden Corp boosted its position in Procter & Gamble by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 241,556 shares of the company’s stock valued at $35,233,000 after buying an additional 929 shares during the last quarter. Finally, Strategic Blueprint LLC boosted its position in Procter & Gamble by 1.3% in the 3rd quarter. Strategic Blueprint LLC now owns 56,289 shares of the company’s stock valued at $8,210,000 after buying an additional 742 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. Argus increased their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Price Performance

NYSE:PG traded down $1.26 during trading hours on Friday, reaching $161.29. 5,659,784 shares of the company’s stock were exchanged, compared to its average volume of 6,820,118. The company has a market capitalization of $380.67 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $164.32. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $159.64 and its two-hundred day simple moving average is $153.51.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. 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 dividend on an annualized basis and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,865 shares of company stock valued at $16,029,280. Company insiders own 0.17% of the company’s stock.

About Procter & Gamble

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.