The Procter & Gamble Company (NYSE:PG) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,003 shares of the company’s stock after selling 4,996 shares during the quarter. Procter & Gamble makes up about 1.3% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 13th largest holding. MassMutual Private Wealth & Trust FSB’s holdings in Procter & Gamble were worth $47,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PG. Fiera Capital Corp boosted its holdings in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares during the period. Magnetar Financial LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $1,428,000. Evergreen Capital Management LLC grew its position in shares of Procter & Gamble by 5.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 32,481 shares of the company’s stock valued at $5,357,000 after buying an additional 1,700 shares during the last quarter. Tremblant Capital Group raised its stake in Procter & Gamble by 68.9% during the second quarter. Tremblant Capital Group now owns 17,316 shares of the company’s stock worth $2,856,000 after acquiring an additional 7,064 shares during the period. Finally, Gateway Advisory LLC lifted its holdings in Procter & Gamble by 33.3% in the second quarter. Gateway Advisory LLC now owns 10,162 shares of the company’s stock worth $1,676,000 after acquiring an additional 2,536 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PG shares. Wells Fargo & Company lowered their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Finally, Barclays reduced their target price on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Stock Up 0.4 %

PG stock opened at $161.77 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The firm has a market cap of $380.96 billion, a PE ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The firm has a 50 day simple moving average of $169.09 and a 200 day simple moving average of $169.44.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble 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 sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,447 shares of company stock valued at $12,978,820 over the last three months. Company insiders own 0.18% of the company’s stock.

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.