L. Roy Papp & Associates LLP Sells 542 Shares of The Procter & Gamble Company (NYSE:PG)

L. Roy Papp & Associates LLP lowered its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 66,363 shares of the company’s stock after selling 542 shares during the period. Procter & Gamble makes up approximately 1.2% of L. Roy Papp & Associates LLP’s holdings, making the stock its 22nd biggest holding. L. Roy Papp & Associates LLP’s holdings in Procter & Gamble were worth $9,725,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the 2nd quarter valued at about $50,000. CGC Financial Services LLC bought a new position in shares of Procter & Gamble in the 2nd quarter valued at about $55,000. VitalStone Financial LLC bought a new position in shares of Procter & Gamble in the 2nd quarter valued at about $60,000. Finally, RVW Wealth LLC bought a new position in shares of Procter & Gamble in the 3rd quarter valued at about $77,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Raymond James increased their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. UBS Group increased their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Barclays increased their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.41.

Check Out Our Latest Stock Analysis on PG

Procter & Gamble Price Performance

Shares of PG opened at $162.25 on Friday. The stock has a market capitalization of $381.78 billion, a P/E ratio of 27.18, a P/E/G ratio of 3.31 and a beta of 0.44. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company has a 50 day moving average of $158.99 and a 200-day moving average of $152.28. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same period last year, the business earned $1.59 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were paid a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is 62.98%.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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