Principal Street Partners LLC Has $492,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Principal Street Partners LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 50.6% during the fourth quarter, HoldingsChannel reports. The fund owned 3,358 shares of the company’s stock after selling 3,434 shares during the quarter. Principal Street Partners LLC’s holdings in Procter & Gamble were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PG. Advantage Trust Co purchased a new position in Procter & Gamble during the fourth quarter worth about $28,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $33,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Procter & Gamble in the fourth quarter worth $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble 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 completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s 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 transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,112 shares of company stock worth $22,841,321. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. UBS Group upped their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada raised their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Up 0.5 %

Shares of Procter & Gamble stock opened at $166.85 on Friday. The company’s 50-day moving average price is $160.63 and its 200-day moving average price is $154.78. The company has a market cap of $393.79 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.39 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $167.36. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share 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. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.41%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) 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.