Patton Albertson Miller Group LLC Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Patton Albertson Miller Group LLC cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,833 shares of the company’s stock after selling 311 shares during the period. Patton Albertson Miller Group LLC’s holdings in Procter & Gamble were worth $3,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its holdings in Procter & Gamble by 19.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 40,705 shares of the company’s stock valued at $6,824,000 after buying an additional 6,620 shares during the last quarter. Insight Inv LLC grew its holdings in shares of Procter & Gamble by 21.5% during the fourth quarter. Insight Inv LLC now owns 11,842 shares of the company’s stock valued at $1,985,000 after purchasing an additional 2,092 shares during the last quarter. Stewardship Advisors LLC bought a new position in Procter & Gamble during the 4th quarter worth $219,000. Toth Financial Advisory Corp grew its position in shares of Procter & Gamble by 3.7% during the fourth quarter. Toth Financial Advisory Corp now owns 44,873 shares of the company’s stock worth $7,523,000 after acquiring an additional 1,613 shares during the last quarter. Finally, CFS Investment Advisory Services LLC increased its stake in shares of Procter & Gamble by 5.1% in the fourth quarter. CFS Investment Advisory Services LLC now owns 29,263 shares of the company’s stock valued at $4,906,000 after purchasing an additional 1,432 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group lowered their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday. Morgan Stanley upped their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Stock Performance

PG stock opened at $164.41 on Monday. The firm has a 50 day moving average of $168.85 and a two-hundred day moving average of $169.37. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The company has a market capitalization of $387.20 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.