The Procter & Gamble Company (NYSE:PG) Shares Sold by Clearstead Trust LLC

Clearstead Trust LLC lowered its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,410 shares of the company’s stock after selling 1,151 shares during the quarter. Clearstead Trust LLC’s holdings in Procter & Gamble were worth $2,081,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montis Financial LLC lifted its holdings in shares of Procter & Gamble by 2.8% in the 4th quarter. Montis Financial LLC now owns 3,318 shares of the company’s stock valued at $556,000 after buying an additional 91 shares during the period. Zevin Asset Management LLC lifted its holdings in shares of Procter & Gamble by 9.9% in the 4th quarter. Zevin Asset Management LLC now owns 7,363 shares of the company’s stock valued at $1,234,000 after buying an additional 666 shares during the period. Greatmark Investment Partners Inc. raised its holdings in Procter & Gamble by 5.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 9,566 shares of the company’s stock worth $1,604,000 after purchasing an additional 535 shares during the period. First National Trust Co raised its holdings in Procter & Gamble by 2.5% in the 4th quarter. First National Trust Co now owns 105,318 shares of the company’s stock worth $17,657,000 after purchasing an additional 2,538 shares during the period. Finally, Brown Miller Wealth Management LLC raised its holdings in Procter & Gamble by 1.2% in the 4th quarter. Brown Miller Wealth Management LLC now owns 20,915 shares of the company’s stock worth $3,507,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $168.20 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business has a 50 day simple moving average of $167.27 and a 200-day simple moving average of $169.80. The firm has a market capitalization of $394.39 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business 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 business earned $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,450 shares of company stock worth $23,988,008. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $181.47.

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.