Schmidt P J Investment Management Inc. Has $10.90 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Schmidt P J Investment Management Inc. lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,030 shares of the company’s stock after selling 867 shares during the period. Procter & Gamble comprises 1.9% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 12th largest holding. Schmidt P J Investment Management Inc.’s holdings in Procter & Gamble were worth $10,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 2.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 16,734 shares of the company’s stock worth $2,805,000 after acquiring an additional 444 shares during the period. Inman Jager Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $1,623,000. Tyche Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 3.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 39,203 shares of the company’s stock worth $6,572,000 after acquiring an additional 1,376 shares during the period. Summit Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 3,240.4% during the 4th quarter. Summit Wealth Partners LLC now owns 90,492 shares of the company’s stock worth $15,171,000 after acquiring an additional 87,783 shares during the period. Finally, LCM Capital Management Inc lifted its holdings in shares of Procter & Gamble by 1.2% during the 4th quarter. LCM Capital Management Inc now owns 5,808 shares of the company’s stock worth $974,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction 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 in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group dropped their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays increased their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Evercore ISI increased their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Trading Down 0.0 %

PG opened at $168.96 on Friday. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $167.74 and a 200-day moving average of $169.41. The stock has a market cap of $396.18 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared 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 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

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.