Ropes Wealth Advisors LLC Has $11.16 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Ropes Wealth Advisors LLC lessened its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,202 shares of the company’s stock after selling 2,700 shares during the quarter. Procter & Gamble accounts for approximately 2.0% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Ropes Wealth Advisors LLC’s holdings in Procter & Gamble were worth $11,157,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brick & Kyle Associates raised its holdings in shares of Procter & Gamble by 0.4% in the third quarter. Brick & Kyle Associates now owns 14,884 shares of the company’s stock worth $2,098,000 after buying an additional 63 shares during the period. Poplar Forest Capital LLC raised its holdings in shares of Procter & Gamble by 0.3% in the fourth quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock worth $4,173,000 after buying an additional 64 shares during the period. Kovack Advisors Inc. increased its holdings in Procter & Gamble by 0.3% during the 4th quarter. Kovack Advisors Inc. now owns 19,098 shares of the company’s stock worth $3,124,000 after purchasing an additional 66 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in Procter & Gamble by 2.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock worth $452,000 after purchasing an additional 66 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Procter & Gamble by 1.4% during the 4th quarter. Sound Income Strategies LLC now owns 4,899 shares of the company’s stock worth $801,000 after purchasing an additional 68 shares during the period. 63.64% of the stock is owned by institutional investors.

In other news, Chairman David S. Taylor sold 12,953 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total transaction of $1,988,415.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the transaction, the chief accounting officer now owns 1,220 shares in the company, valued at $198,164.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,515 shares of company stock worth $20,862,606. Insiders own 0.51% of the company’s stock.

A number of brokerages have recently issued reports on PG. Jefferies Financial Group lifted their price target on Procter & Gamble from $179.00 to $185.00 in a report on Thursday, April 21st. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lifted their price target on Procter & Gamble from $161.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, January 20th. Raymond James lifted their price target on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Finally, The Goldman Sachs Group lowered their price target on Procter & Gamble from $179.00 to $173.00 in a research report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $165.47.

NYSE:PG traded up $1.63 during trading hours on Friday, hitting $153.62. 5,675,512 shares of the stock were exchanged, compared to its average volume of 7,990,998. The Procter & Gamble Company has a 52-week low of $131.94 and a 52-week high of $165.35. The firm’s fifty day moving average price is $154.97 and its 200 day moving average price is $155.07. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The company has a market cap of $368.58 billion, a P/E ratio of 26.81, a P/E/G ratio of 4.32 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company had revenue of $19.38 billion during the quarter, compared to analyst estimates of $18.69 billion. During the same period in the previous year, the business earned $1.26 EPS. Procter & Gamble’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 22nd will be issued a dividend of $0.9133 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 21st. Procter & Gamble’s payout ratio is currently 63.70%.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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