The Procter & Gamble Company (NYSE:PG) Shares Sold by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 6.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,480 shares of the company’s stock after selling 500 shares during the quarter. Procter & Gamble comprises approximately 1.0% of Blodgett Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding. Blodgett Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,254,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble during the 3rd quarter valued at $33,000. New Wave Wealth Advisors LLC bought a new position in Procter & Gamble during the 4th quarter valued at $46,000. Costello Asset Management INC boosted its stake in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the last quarter. Mendota Financial Group LLC boosted its stake in Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in Procter & Gamble by 138.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $168.90 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $396.05 billion, a P/E ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45. The firm has a 50 day simple moving average of $168.34 and a 200 day simple moving average of $169.41. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Barclays lifted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Insider Activity

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated 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 owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock valued at $25,635,076 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

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.