Fi3 FINANCIAL ADVISORS LLC Sells 329 Shares of The Procter & Gamble Company (NYSE:PG)

Fi3 FINANCIAL ADVISORS LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,806 shares of the company’s stock after selling 329 shares during the quarter. Procter & Gamble makes up about 0.4% of Fi3 FINANCIAL ADVISORS LLC’s portfolio, making the stock its 28th biggest position. Fi3 FINANCIAL ADVISORS LLC’s holdings in Procter & Gamble were worth $851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dfpg Investments LLC increased its holdings in shares of Procter & Gamble by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after acquiring an additional 424 shares during the period. Garrett Wealth Advisory Group LLC increased its holdings in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after acquiring an additional 260 shares during the period. Herold Advisors Inc. grew its stake in Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after buying an additional 581 shares during the last quarter. N.E.W. Advisory Services LLC grew its stake in Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after buying an additional 12,016 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after buying an additional 131,339 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.62 during midday trading on Friday, hitting $164.46. The company had a trading volume of 5,581,692 shares, compared to its average volume of 6,941,715. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock has a market cap of $388.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.33 and a beta of 0.43. The business’s 50-day simple moving average is $160.01 and its 200-day simple moving average is $154.17.

Procter & Gamble (NYSE:PG) last posted 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 analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. On average, research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.45%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,865 shares of company stock worth $14,059,180. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Argus lifted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price target 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. Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays boosted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company boosted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $169.76.

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.