RWC Asset Management LLP Sells 9,326 Shares of The Procter & Gamble Company (NYSE:PG)

RWC Asset Management LLP lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,584 shares of the company’s stock after selling 9,326 shares during the quarter. Procter & Gamble comprises 1.4% of RWC Asset Management LLP’s holdings, making the stock its 24th largest holding. RWC Asset Management LLP’s holdings in Procter & Gamble were worth $23,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PG. KFG Wealth Management LLC raised its stake in Procter & Gamble by 7.9% in the third quarter. KFG Wealth Management LLC now owns 6,791 shares of the company’s stock valued at $991,000 after buying an additional 499 shares during the last quarter. Planning Alternatives Ltd. ADV raised its stake in Procter & Gamble by 9.0% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,182 shares of the company’s stock valued at $318,000 after buying an additional 180 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Procter & Gamble by 20.7% in the third quarter. Exchange Traded Concepts LLC now owns 62,593 shares of the company’s stock valued at $9,130,000 after buying an additional 10,719 shares during the last quarter. Boston Trust Walden Corp raised its stake in Procter & Gamble by 0.4% in the third quarter. Boston Trust Walden Corp now owns 241,556 shares of the company’s stock valued at $35,233,000 after buying an additional 929 shares during the last quarter. Finally, Strategic Blueprint LLC raised its stake in Procter & Gamble by 1.3% in the third quarter. Strategic Blueprint LLC now owns 56,289 shares of the company’s stock valued at $8,210,000 after buying an additional 742 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 100,865 shares of company stock valued at $16,029,280 over the last ninety days. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PG shares. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group started coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Raymond James raised their price objective on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Barclays raised their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Price Performance

PG traded down $1.26 during trading on Friday, hitting $161.29. The company’s stock had a trading volume of 5,659,784 shares, compared to its average volume of 6,820,118. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32. The business’s fifty day simple moving average is $159.64 and its 200 day simple moving average is $153.51. The firm has a market capitalization of $380.67 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the company earned $1.37 earnings per share. Procter & Gamble’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. 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. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s payout ratio is currently 65.85%.

About Procter & Gamble

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.