The Procter & Gamble Company (NYSE:PG) Stake Lessened by ERTS Wealth Advisors LLC

ERTS Wealth Advisors LLC trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300 shares of the company’s stock after selling 338 shares during the period. ERTS Wealth Advisors LLC’s holdings in Procter & Gamble were worth $218,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PG. Fiera Capital Corp lifted its position in Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Procter & Gamble by 4.7% during the 2nd quarter. Fred Alger Management LLC now owns 67,580 shares of the company’s stock valued at $11,145,000 after purchasing an additional 3,006 shares in the last quarter. Employees Retirement System of Texas grew its stake in Procter & Gamble by 11.1% in the 2nd quarter. Employees Retirement System of Texas now owns 566,384 shares of the company’s stock valued at $93,408,000 after buying an additional 56,456 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at $526,000. Finally, Delta Investment Management LLC grew its position in Procter & Gamble by 0.7% in the 2nd quarter. Delta Investment Management LLC now owns 22,045 shares of the company’s stock worth $3,636,000 after purchasing an additional 154 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $166.20 on Friday. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $391.41 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The firm has a fifty day simple moving average of $168.97 and a two-hundred day simple moving average of $169.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. 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 $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. Analysts forecast that The Procter & Gamble Company will post 6.92 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

PG has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

Procter & Gamble 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.