Crystal Rock Capital Management Decreases Position in The Procter & Gamble Company (NYSE:PG)

Crystal Rock Capital Management decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,525 shares of the company’s stock after selling 800 shares during the quarter. Procter & Gamble accounts for 2.4% of Crystal Rock Capital Management’s portfolio, making the stock its 21st largest position. Crystal Rock Capital Management’s holdings in Procter & Gamble were worth $3,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wendell David Associates Inc. lifted its position in Procter & Gamble by 0.5% during the third quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock valued at $13,685,000 after purchasing an additional 491 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Procter & Gamble by 9.3% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock worth $3,490,000 after purchasing an additional 2,043 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in Procter & Gamble by 10.8% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock valued at $3,016,000 after buying an additional 2,011 shares during the last quarter. Modus Advisors LLC lifted its position in Procter & Gamble by 1.4% during the third quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock valued at $2,233,000 after purchasing an additional 214 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. lifted its position in shares of Procter & Gamble by 1.2% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock valued at $3,000,000 after buying an additional 244 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were 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 legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,865 shares of company stock valued at $14,059,180. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Jefferies Financial Group upped their target price 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, Royal Bank of Canada boosted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Stock Performance

NYSE PG traded up $0.20 during trading hours on Wednesday, hitting $163.40. The company had a trading volume of 7,542,645 shares, compared to its average volume of 6,949,875. The business has a 50 day moving average of $159.82 and a 200-day moving average of $153.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.32. The company has a market cap of $385.65 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble 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.