Gray Wealth Management Inc. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Gray Wealth Management Inc. cut its holdings in The Procter & Gamble Company (NYSE:PG) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,109 shares of the company’s stock after selling 867 shares during the quarter. Procter & Gamble accounts for approximately 2.1% of Gray Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position. Gray Wealth Management Inc.’s holdings in Procter & Gamble were worth $4,266,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Xponance Inc. raised its holdings in Procter & Gamble by 5.2% during the 4th quarter. Xponance Inc. now owns 352,997 shares of the company’s stock valued at $51,728,000 after buying an additional 17,417 shares during the period. Flynn Zito Capital Management LLC boosted its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Flynn Zito Capital Management LLC now owns 4,795 shares of the company’s stock worth $703,000 after purchasing an additional 158 shares during the period. AIA Group Ltd raised its position in Procter & Gamble by 50.1% in the 4th quarter. AIA Group Ltd now owns 272,497 shares of the company’s stock worth $39,932,000 after purchasing an additional 91,009 shares during the period. Cambridge Trust Co. grew its stake in shares of Procter & Gamble by 1.5% during the fourth quarter. Cambridge Trust Co. now owns 291,473 shares of the company’s stock valued at $42,712,000 after buying an additional 4,360 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in Procter & Gamble by 12.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,422 shares of the company’s stock valued at $1,092,000 after acquiring an additional 800 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.33 during mid-day trading on Thursday, reaching $157.29. The stock had a trading volume of 7,283,896 shares, compared to its average volume of 6,857,921. The business’s fifty day moving average is $159.16 and its 200-day moving average is $152.80. The firm has a market cap of $370.11 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS. On average, research analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 62.98%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays lifted their target price on Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. UBS Group raised their price target 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, Raymond James raised their target price 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Insider Activity

In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were 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 in the company, valued at $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock worth $43,187,745 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble 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.