AMI Investment Management Inc. Trims Stock Position in The Procter & Gamble Company (NYSE:PG)

AMI Investment Management Inc. decreased its holdings in The Procter & Gamble Company (NYSE:PG) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,397 shares of the company’s stock after selling 175 shares during the quarter. AMI Investment Management Inc.’s holdings in Procter & Gamble were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiera Capital Corp boosted its holdings in shares of Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after purchasing an additional 19,013 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Procter & Gamble by 9.8% during the second quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock valued at $1,297,000 after acquiring an additional 705 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble during the second quarter worth about $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Procter & Gamble by 36.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock worth $2,352,000 after purchasing an additional 3,932 shares during the period. Finally, Harmony Asset Management LLC lifted its stake in shares of Procter & Gamble by 23.9% in the 2nd quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock valued at $396,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PG. DA Davidson restated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Evercore ISI lifted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Piper Sandler assumed coverage on Procter & Gamble in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.65.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE PG opened at $161.35 on Tuesday. The stock has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The stock’s 50 day moving average price is $169.19 and its two-hundred day moving average price is $169.46. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The shares were 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 owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,447 shares of company stock valued at $12,978,820 in the last quarter. 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.