The Procter & Gamble Company (NYSE:PG) Shares Sold by M. Kraus & Co

M. Kraus & Co trimmed its position in The Procter & Gamble Company (NYSE:PG) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,847 shares of the company’s stock after selling 1,229 shares during the period. Procter & Gamble makes up approximately 3.1% of M. Kraus & Co’s investment portfolio, making the stock its 9th biggest holding. M. Kraus & Co’s holdings in Procter & Gamble were worth $10,201,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble during the second quarter worth $28,000. RPg Family Wealth Advisory LLC bought a new position in Procter & Gamble during the third quarter worth about $33,000. Quest Partners LLC bought a new position in Procter & Gamble during the second quarter worth about $36,000. Costello Asset Management INC grew its stake in Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new stake in shares of Procter & Gamble in the second quarter worth about $58,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Finally, Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a report on Monday, September 30th. Eight 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. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $179.75.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock worth $13,317,460 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.0 %

Procter & Gamble stock opened at $159.75 on Thursday. The Procter & Gamble Company has a fifty-two week low of $146.28 and a fifty-two week high of $180.43. The firm has a market capitalization of $376.22 billion, a PE ratio of 27.54, a P/E/G ratio of 3.70 and a beta of 0.45. The company’s 50-day moving average is $169.40 and its 200-day moving average is $169.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) 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 analyst estimates of $21.99 billion. During the same quarter in the prior year, the company earned $1.83 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 yield of 2.52%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.31%.

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.