Procyon Advisors LLC Has $5.35 Million Stock Holdings in Procter & Gamble Company (The) $PG

Procyon Advisors LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,301 shares of the company’s stock after selling 5,009 shares during the quarter. Procyon Advisors LLC’s holdings in Procter & Gamble were worth $5,346,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PG. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. State Street Corp boosted its holdings in shares of Procter & Gamble by 0.4% in the 3rd quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after buying an additional 370,872 shares during the last quarter. Norges Bank bought a new position in shares of Procter & Gamble in the second quarter valued at $5,099,644,000. Franklin Resources Inc. grew its stake in shares of Procter & Gamble by 8.3% in the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after buying an additional 1,752,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Procter & Gamble by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock worth $2,770,035,000 after buying an additional 294,673 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $144.41 on Friday. 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 market cap of $335.61 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 4.82 and a beta of 0.37. The stock’s fifty day moving average price is $154.07 and its two-hundred day moving average price is $150.68. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s payout ratio is 62.67%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the sale, the insider directly owned 30,215 shares in the company, valued at $4,818,083.90. This represents a 5.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Tuesday, February 17th. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble 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.