The Procter & Gamble Company (NYSE:PG) is Tufton Capital Management’s 10th Largest Position

Tufton Capital Management lessened its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,006 shares of the company’s stock after selling 282 shares during the period. Procter & Gamble makes up 2.0% of Tufton Capital Management’s portfolio, making the stock its 10th biggest position. Tufton Capital Management’s holdings in Procter & Gamble were worth $10,731,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PG. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble in the third quarter worth about $33,000. Bay Harbor Wealth Management LLC boosted its position in shares of Procter & Gamble by 972.0% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after buying an additional 243 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $46,000. Costello Asset Management INC boosted its position in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the period. Finally, DecisionPoint Financial LLC boosted its position in shares of Procter & Gamble by 46.7% in the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $180.42.

Procter & Gamble Stock Up 0.5 %

Shares of Procter & Gamble stock opened at $172.07 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $166.17 and its 200-day simple moving average is $169.49. The stock has a market capitalization of $403.48 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This trade represents a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.