Clearstead Trust LLC Sells 1,974 Shares of The Procter & Gamble Company (NYSE:PG)

Clearstead Trust LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,573 shares of the company’s stock after selling 1,974 shares during the period. Clearstead Trust LLC’s holdings in Procter & Gamble were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PG. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $33,000. Mendota Financial Group LLC boosted its holdings in shares of 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 during the period. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $56,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PG shares. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. UBS Group upped their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Raymond James upped their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Argus upped their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE:PG traded up $0.62 during trading on Friday, reaching $164.46. The stock had a trading volume of 5,581,692 shares, compared to its average volume of 6,941,715. The firm’s fifty day moving average is $160.01 and its 200 day moving average is $154.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $164.71. The stock has a market cap of $388.15 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.33 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. 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. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the sale, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,586,483.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,865 shares of company stock valued at $14,059,180. Corporate insiders own 0.17% of the company’s stock.

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.