Montag A & Associates Inc. Sells 529 Shares of The Procter & Gamble Company (NYSE:PG)

Montag A & Associates Inc. lowered its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,450 shares of the company’s stock after selling 529 shares during the quarter. Montag A & Associates Inc.’s holdings in Procter & Gamble were worth $12,649,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Procter & Gamble during the third quarter valued at approximately $33,000. Bay Harbor Wealth Management LLC boosted its position in shares of Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $46,000. Costello Asset Management INC increased its position in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC raised its stake in Procter & Gamble by 46.7% during the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction 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 sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PG. 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 report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Down 4.8 %

Shares of NYSE PG opened at $162.84 on Friday. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The firm has a market cap of $381.84 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The business has a fifty day simple moving average of $166.51 and a two-hundred day simple moving average of $169.40. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

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.