Sachetta LLC Sells 196 Shares of The Procter & Gamble Company (NYSE:PG)

Sachetta LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 6,642 shares of the company’s stock after selling 196 shares during the period. Sachetta LLC’s holdings in Procter & Gamble were worth $1,114,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Exchange Traded Concepts LLC raised its holdings in Procter & Gamble by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 73,223 shares of the company’s stock valued at $12,276,000 after acquiring an additional 1,557 shares in the last quarter. CX Institutional lifted its position in Procter & Gamble by 113.5% during the fourth quarter. CX Institutional now owns 102,901 shares of the company’s stock worth $17,251,000 after purchasing an additional 54,699 shares during the period. Encompass More Asset Management grew its stake in Procter & Gamble by 4.8% during the fourth quarter. Encompass More Asset Management now owns 5,561 shares of the company’s stock worth $932,000 after buying an additional 255 shares in the last quarter. Impact Partnership Wealth LLC increased its holdings in Procter & Gamble by 10.5% in the 4th quarter. Impact Partnership Wealth LLC now owns 4,107 shares of the company’s stock valued at $689,000 after buying an additional 389 shares during the period. Finally, Southland Equity Partners LLC lifted its holdings in shares of Procter & Gamble by 6.4% during the 4th quarter. Southland Equity Partners LLC now owns 46,512 shares of the company’s stock worth $7,798,000 after acquiring an additional 2,793 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 1.0 %

Shares of NYSE PG opened at $164.41 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $387.20 billion, a PE ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a one year low of $152.06 and a one year high of $180.43. The business’s fifty day moving average price is $168.85 and its 200-day moving average price is $169.34.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Insider Transactions at Procter & Gamble

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

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $180.53.

About Procter & Gamble

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.