5,800 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Polymer Capital Management US LLC

Polymer Capital Management US LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,800 shares of the company’s stock, valued at approximately $972,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Cerity Partners LLC grew its stake in shares of Procter & Gamble by 1.3% during the 4th quarter. Cerity Partners LLC now owns 6,439,118 shares of the company’s stock worth $1,080,356,000 after purchasing an additional 82,898 shares during the period. Sierra Summit Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at $845,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Procter & Gamble by 7.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 72,978 shares of the company’s stock valued at $12,235,000 after buying an additional 4,752 shares in the last quarter. Trek Financial LLC raised its position in shares of Procter & Gamble by 147.1% in the fourth quarter. Trek Financial LLC now owns 5,809 shares of the company’s stock worth $974,000 after acquiring an additional 3,458 shares during the period. Finally, Garrison Point Advisors LLC boosted its stake in shares of Procter & Gamble by 363.4% during the 4th quarter. Garrison Point Advisors LLC now owns 29,313 shares of the company’s stock worth $4,914,000 after acquiring an additional 22,988 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PG. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 5.0 %

Shares of PG opened at $163.73 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $169.17 and a 200 day moving average price of $169.12. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The firm has a market capitalization of $383.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.43.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble 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.