Graypoint LLC Cuts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Graypoint LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,943 shares of the company’s stock after selling 542 shares during the period. Graypoint LLC’s holdings in Procter & Gamble were worth $4,349,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PG. Fiera Capital Corp boosted its holdings in shares of Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares during the period. Quest Partners LLC bought a new position in shares of Procter & Gamble during the second quarter valued at approximately $36,000. Fortune Financial Advisors LLC lifted its stake in Procter & Gamble by 5.5% in the second quarter. Fortune Financial Advisors LLC now owns 41,885 shares of the company’s stock worth $6,908,000 after acquiring an additional 2,192 shares during the period. Cibc World Market Inc. boosted its holdings in Procter & Gamble by 234.3% in the second quarter. Cibc World Market Inc. now owns 1,143,286 shares of the company’s stock valued at $188,551,000 after acquiring an additional 801,263 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in Procter & Gamble by 368.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 64,259 shares of the company’s stock valued at $10,598,000 after purchasing an additional 50,540 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG traded down $3.37 on Friday, reaching $158.73. The company’s stock had a trading volume of 8,229,634 shares, compared to its average volume of 6,806,603. The stock’s 50 day simple moving average is $169.77 and its two-hundred day simple moving average is $169.64. The stock has a market capitalization of $373.82 billion, a P/E ratio of 27.37, a PEG ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. Procter & Gamble’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 in the last quarter. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PG shares. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI increased their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.75.

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.