The Procter & Gamble Company (NYSE:PG) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,656 shares of the company’s stock after selling 343 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Procter & Gamble were worth $1,619,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PG. Clear Harbor Asset Management LLC raised its position in Procter & Gamble by 9.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 38,978 shares of the company’s stock worth $6,535,000 after buying an additional 3,365 shares during the last quarter. ADE LLC increased its stake in shares of Procter & Gamble by 2.6% in the fourth quarter. ADE LLC now owns 4,694 shares of the company’s stock worth $787,000 after acquiring an additional 117 shares during the period. Aspiriant LLC raised its holdings in shares of Procter & Gamble by 8.2% during the fourth quarter. Aspiriant LLC now owns 33,076 shares of the company’s stock worth $5,545,000 after purchasing an additional 2,510 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in Procter & Gamble by 1.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 20,523 shares of the company’s stock valued at $3,441,000 after purchasing an additional 248 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Procter & Gamble by 2.6% during the 4th quarter. Ballentine Partners LLC now owns 61,070 shares of the company’s stock worth $10,238,000 after purchasing an additional 1,536 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. 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, Evercore ISI increased their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

PG opened at $164.57 on Thursday. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43. The firm has a market capitalization of $387.56 billion, a PE ratio of 28.37, a PEG ratio of 3.63 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $169.01 and its 200 day moving average price is $169.41.

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 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 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. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.92 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s payout ratio is 69.48%.

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.