Amica Mutual Insurance Co. Has $10.03 Million Position in The Procter & Gamble Company (NYSE:PG)

Amica Mutual Insurance Co. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,843 shares of the company’s stock after selling 3,409 shares during the quarter. Procter & Gamble makes up approximately 1.0% of Amica Mutual Insurance Co.’s portfolio, making the stock its 21st largest position. Amica Mutual Insurance Co.’s holdings in Procter & Gamble were worth $10,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its holdings in Procter & Gamble by 2.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 716,962 shares of the company’s stock valued at $120,199,000 after purchasing an additional 17,573 shares during the period. Moment Partners LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $558,000. Sava Infond d.o.o. bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $1,980,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Procter & Gamble by 24.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,426,726 shares of the company’s stock worth $1,391,505,000 after buying an additional 1,632,014 shares in the last quarter. Finally, Cottage Street Advisors LLC increased its stake in Procter & Gamble by 3.6% during the fourth quarter. Cottage Street Advisors LLC now owns 5,646 shares of the company’s stock valued at $947,000 after acquiring an additional 195 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $166.48 on Thursday. The business’s fifty day moving average is $168.31 and its two-hundred day moving average is $169.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market cap of $390.38 billion, a P/E ratio of 26.51, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the company earned $1.84 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. 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 note on Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

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.