Cape Investment Advisory Inc. Has $597,000 Stake in The Procter & Gamble Company (NYSE:PG)

Cape Investment Advisory Inc. trimmed its holdings in The Procter & Gamble Company (NYSE:PG) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,561 shares of the company’s stock after selling 143 shares during the period. Cape Investment Advisory Inc.’s holdings in Procter & Gamble were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Hickory Point Bank & Trust acquired a new position in Procter & Gamble in the 4th quarter valued at $849,000. Purkiss Capital Advisors LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $1,029,000. PCG Asset Management LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $1,231,000. Sharkey Howes & Javer raised its stake in Procter & Gamble by 21.3% in the fourth quarter. Sharkey Howes & Javer now owns 1,926 shares of the company’s stock valued at $323,000 after purchasing an additional 338 shares in the last quarter. Finally, Sherman Asset Management Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at about $424,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $173.84 on Friday. 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 1 year low of $153.52 and a 1 year high of $180.43. The business has a 50 day moving average of $166.29 and a 200-day moving average of $169.56. The company has a market capitalization of $407.63 billion, a P/E ratio of 27.68, a P/E/G ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 EPS. On average, equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. Procter & Gamble’s payout ratio is 64.01%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.11.

About Procter & Gamble

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.