The Procter & Gamble Company (NYSE:PG) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,074 shares of the company’s stock after selling 109 shares during the quarter. Procter & Gamble accounts for about 0.9% of Carret Asset Management LLC’s holdings, making the stock its 23rd largest holding. Carret Asset Management LLC’s holdings in Procter & Gamble were worth $7,191,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Naples Money Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $33,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC increased its stake in Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus upped their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. UBS Group upped their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Finally, Jefferies Financial Group upped their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.88.

Procter & Gamble Stock Performance

Shares of PG traded up $1.08 during midday trading on Wednesday, reaching $162.58. 7,216,558 shares of the stock were exchanged, compared to its average volume of 6,971,658. The business’s 50-day moving average price is $159.32 and its 200 day moving average price is $153.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company has a market capitalization of $383.71 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.23 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.54 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at approximately $1,490,602.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The disclosure for this sale can be found here. Insiders have sold 103,771 shares of company stock worth $16,292,467 in the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.