TFC Financial Management Inc. Sells 172 Shares of The Procter & Gamble Company (NYSE:PG)

TFC Financial Management Inc. trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,519 shares of the company’s stock after selling 172 shares during the period. TFC Financial Management Inc.’s holdings in Procter & Gamble were worth $1,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stanley Laman Group Ltd. increased its holdings in shares of Procter & Gamble by 11.1% in the fourth quarter. Stanley Laman Group Ltd. now owns 4,604 shares of the company’s stock worth $772,000 after acquiring an additional 461 shares in the last quarter. Park Capital Management LLC WI bought a new position in shares of Procter & Gamble during the fourth quarter worth about $405,000. Ingalls & Snyder LLC boosted its position in Procter & Gamble by 1.5% during the fourth quarter. Ingalls & Snyder LLC now owns 233,690 shares of the company’s stock valued at $39,178,000 after purchasing an additional 3,476 shares during the last quarter. Castle Wealth Management LLC boosted its position in Procter & Gamble by 6.4% during the fourth quarter. Castle Wealth Management LLC now owns 7,341 shares of the company’s stock valued at $1,231,000 after purchasing an additional 439 shares during the last quarter. Finally, Consolidated Planning Corp boosted its position in Procter & Gamble by 859.9% during the fourth quarter. Consolidated Planning Corp now owns 32,225 shares of the company’s stock valued at $5,403,000 after purchasing an additional 28,868 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Shares of PG stock opened at $169.58 on Thursday. 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 company has a market capitalization of $397.64 billion, a P/E ratio of 27.00, a P/E/G ratio of 3.79 and a beta of 0.45. The company’s 50-day simple moving average is $166.94 and its two-hundred day simple moving average is $169.44. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Analysts Set New Price Targets

Several research firms recently weighed in on PG. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective 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. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

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.