Wealth Alliance Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Wealth Alliance lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,054 shares of the company’s stock after selling 1,691 shares during the quarter. Wealth Alliance’s holdings in Procter & Gamble were worth $4,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Sunpointe LLC lifted its holdings in shares of Procter & Gamble by 392.5% during the 4th quarter. Sunpointe LLC now owns 13,599 shares of the company’s stock worth $2,280,000 after acquiring an additional 10,838 shares during the period. LMG Wealth Partners LLC increased its position in Procter & Gamble by 3.7% during the fourth quarter. LMG Wealth Partners LLC now owns 17,857 shares of the company’s stock worth $2,994,000 after purchasing an additional 638 shares during the last quarter. Corps Capital Advisors LLC purchased a new position in Procter & Gamble during the fourth quarter worth approximately $1,680,000. Abacus Planning Group Inc. boosted its holdings in shares of Procter & Gamble by 4.7% in the 4th quarter. Abacus Planning Group Inc. now owns 5,692 shares of the company’s stock valued at $954,000 after purchasing an additional 255 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Procter & Gamble by 1.5% during the 4th quarter. Ieq Capital LLC now owns 147,732 shares of the company’s stock valued at $24,767,000 after buying an additional 2,249 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were 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 of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $166.46 on Thursday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $390.33 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.72 and a beta of 0.45. The stock has a 50 day moving average of $166.13 and a 200-day moving average of $169.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous 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. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. Procter & Gamble’s payout ratio is currently 64.17%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group dropped their price objective 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. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Company 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.