Kessler Investment Group LLC reduced its position in Procter & Gamble Co (NYSE:PG) by 45.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,230 shares of the company’s stock after selling 15,781 shares during the period. Procter & Gamble accounts for about 2.2% of Kessler Investment Group LLC’s portfolio, making the stock its 18th largest position. Kessler Investment Group LLC’s holdings in Procter & Gamble were worth $1,767,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Trust Co boosted its stake in Procter & Gamble by 1.2% in the 3rd quarter. Trust Co now owns 83,892 shares of the company’s stock worth $7,633,000 after purchasing an additional 1,009 shares in the last quarter. First American Trust FSB boosted its stake in Procter & Gamble by 2.2% in the 4th quarter. First American Trust FSB now owns 82,174 shares of the company’s stock worth $7,550,000 after purchasing an additional 1,795 shares in the last quarter. Windward Capital Management Co. CA boosted its stake in Procter & Gamble by 3.1% in the 4th quarter. Windward Capital Management Co. CA now owns 143,274 shares of the company’s stock worth $13,164,000 after purchasing an additional 4,322 shares in the last quarter. Patriot Wealth Management Inc. acquired a new stake in Procter & Gamble in the 4th quarter worth approximately $5,552,000. Finally, Highwater Wealth Management LLC boosted its stake in Procter & Gamble by 240.9% in the 4th quarter. Highwater Wealth Management LLC now owns 15,224 shares of the company’s stock worth $1,399,000 after purchasing an additional 10,758 shares in the last quarter. Institutional investors and hedge funds own 61.05% of the company’s stock.
Procter & Gamble Co (NYSE:PG) opened at $79.72 on Wednesday. Procter & Gamble Co has a 1 year low of $77.90 and a 1 year high of $94.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market cap of $200,970.00, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a dividend of $0.6896 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is 70.23%.
PG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Procter & Gamble in a research note on Wednesday, December 13th. They issued a “buy” rating and a $101.00 target price for the company. Jefferies Group reiterated a “buy” rating and issued a $88.23 target price (down from $99.00) on shares of Procter & Gamble in a research note on Thursday, November 16th. Morgan Stanley lifted their target price on shares of Procter & Gamble from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a research note on Sunday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Procter & Gamble has a consensus rating of “Buy” and a consensus target price of $87.37.
In other news, insider Marc S. Pritchard sold 46,842 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $89.01, for a total transaction of $4,169,406.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marylynn Fergusonmchugh sold 2,353 shares of Procter & Gamble stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $78.59, for a total transaction of $184,922.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,011 shares of company stock valued at $9,710,976. Insiders own 0.35% of the company’s stock.
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About Procter & Gamble
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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