Twin Capital Management Inc. Boosts Position in The Procter & Gamble Company (NYSE:PG)

Twin Capital Management Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,816 shares of the company’s stock after purchasing an additional 860 shares during the quarter. Procter & Gamble makes up about 1.2% of Twin Capital Management Inc.’s holdings, making the stock its 12th biggest position. Twin Capital Management Inc.’s holdings in Procter & Gamble were worth $10,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PG. Lakeridge Wealth Management LLC raised its holdings in Procter & Gamble by 0.6% in the 4th quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC grew its position in shares of Procter & Gamble by 3.2% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock valued at $334,000 after purchasing an additional 62 shares during the last quarter. Tevis Investment Management boosted its stake in Procter & Gamble by 0.6% in the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after purchasing an additional 65 shares during the period. Dakota Community Bank & Trust NA grew its holdings in Procter & Gamble by 3.3% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after buying an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PG shares. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research 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 on the stock in a research report on Thursday, January 16th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Stifel Nicolaus upped their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Procter & Gamble Stock Down 5.0 %

Shares of NYSE:PG opened at $163.73 on Monday. The firm has a market cap of $383.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.43. The business has a fifty day simple moving average of $169.17 and a 200 day simple moving average of $169.12. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.01%.

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.