Mutual Advisors LLC Has $8.26 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Mutual Advisors LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 51,440 shares of the company’s stock after selling 2,645 shares during the period. Mutual Advisors LLC’s holdings in Procter & Gamble were worth $8,256,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PG. Fiera Capital Corp increased its position in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after purchasing an additional 19,013 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $856,000. MBB Public Markets I LLC increased its position in shares of Procter & Gamble by 1,465.8% during the 2nd quarter. MBB Public Markets I LLC now owns 167,558 shares of the company’s stock worth $27,634,000 after purchasing an additional 156,857 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Procter & Gamble by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,041,770 shares of the company’s stock worth $336,729,000 after purchasing an additional 72,970 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Procter & Gamble by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock worth $3,567,556,000 after purchasing an additional 122,190 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $164.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a fifty-two week low of $152.06 and a fifty-two week high of $180.43. The company has a market cap of $387.20 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The stock has a fifty day moving average price of $168.96 and a 200-day moving average price of $169.36.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.45%. Procter & Gamble’s payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reduced their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday. Finally, Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.