Leisure Capital Management Sells 104 Shares of The Procter & Gamble Company (NYSE:PG)

Leisure Capital Management decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,472 shares of the company’s stock after selling 104 shares during the period. Procter & Gamble makes up about 1.1% of Leisure Capital Management’s investment portfolio, making the stock its 21st largest position. Leisure Capital Management’s holdings in Procter & Gamble were worth $2,929,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PG. AMF Tjanstepension AB boosted its stake in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the period. Czech National Bank lifted its position in shares of Procter & Gamble by 6.6% during the third quarter. Czech National Bank now owns 479,545 shares of the company’s stock valued at $83,057,000 after buying an additional 29,799 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Procter & Gamble by 32.3% during the third quarter. GAMMA Investing LLC now owns 35,455 shares of the company’s stock valued at $6,141,000 after buying an additional 8,652 shares during the last quarter. WealthBridge Capital Management LLC increased its holdings in shares of Procter & Gamble by 5.5% during the third quarter. WealthBridge Capital Management LLC now owns 8,821 shares of the company’s stock valued at $1,528,000 after acquiring an additional 460 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in shares of Procter & Gamble by 0.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 54,693 shares of the company’s stock valued at $9,473,000 after acquiring an additional 492 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Morgan Stanley raised their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $168.90 on Tuesday. The company has a market cap of $396.05 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock’s 50-day moving average is $168.34 and its 200-day moving average is $169.41.

Procter & Gamble (NYSE:PG) last issued 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. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.