Thompson Davis & CO. Inc. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Thompson Davis & CO. Inc. lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,506 shares of the company’s stock after selling 212 shares during the quarter. Procter & Gamble accounts for about 0.6% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 21st biggest holding. Thompson Davis & CO. Inc.’s holdings in Procter & Gamble were worth $660,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PG. Wellington Management Group LLP increased its position in Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the last quarter. Northern Trust Corp grew its holdings in Procter & Gamble by 2.3% during the third quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after purchasing an additional 670,862 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after purchasing an additional 131,339 shares during the period. Royal Bank of Canada grew its holdings in Procter & Gamble by 3.2% during the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after purchasing an additional 346,925 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Procter & Gamble by 17.1% during the fourth quarter. California Public Employees Retirement System now owns 9,492,039 shares of the company’s stock valued at $1,390,963,000 after purchasing an additional 1,387,539 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several recent research reports. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. UBS Group boosted their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Jefferies Financial Group increased their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,865 shares of company stock worth $9,009,280. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 1.0 %

NYSE PG traded up $1.58 on Tuesday, hitting $163.24. 8,105,773 shares of the stock were exchanged, compared to its average volume of 6,942,727. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32. The firm has a market capitalization of $385.27 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.27 and a beta of 0.44. The stock has a fifty day moving average price of $159.82 and a two-hundred day moving average price of $153.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate 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 for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble’s payout ratio is presently 65.85%.

Procter & Gamble Company 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.