Everhart Financial Group Inc. Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Everhart Financial Group Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,666 shares of the company’s stock after selling 6,603 shares during the period. Everhart Financial Group Inc.’s holdings in Procter & Gamble were worth $3,535,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PG. Czech National Bank grew its stake in Procter & Gamble by 3.8% during the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after purchasing an additional 21,825 shares in the last quarter. Westerkirk Capital Inc. acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $4,796,000. Vega Investment Solutions boosted its stake in shares of Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after buying an additional 8,500 shares during the period. Triodos Investment Management BV grew its position in shares of Procter & Gamble by 7.3% during the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after buying an additional 17,400 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth approximately $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of Procter & Gamble stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last 90 days. 0.20% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of PG opened at $144.41 on Friday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $174.80. The stock has a market cap of $335.61 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 4.84 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a fifty day moving average price of $154.07 and a 200 day moving average price of $150.73.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same quarter last year, the company posted $1.88 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and raised their price objective for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. BNP Paribas Exane decreased their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.