Cadinha & Co. LLC Has $900,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Cadinha & Co. LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,368 shares of the company’s stock after selling 202 shares during the quarter. Cadinha & Co. LLC’s holdings in Procter & Gamble were worth $900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the second quarter worth approximately $28,000. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC raised its position in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after buying an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in Procter & Gamble during the 2nd quarter worth $58,000. Finally, Mendota Financial Group LLC grew its stake in shares of Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after acquiring an additional 138 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 in the last three months. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Stifel Nicolaus decreased their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Friday. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Barclays decreased their target price on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research report on Friday. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two 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 an average price target of $179.65.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $161.35 on Monday. The stock has a fifty day moving average of $169.19 and a 200-day moving average of $169.42. The stock has a market cap of $379.98 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 69.31%.

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.