Davis Capital Management Has $1.11 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Davis Capital Management trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,609 shares of the company’s stock after selling 282 shares during the quarter. Davis Capital Management’s holdings in Procter & Gamble were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PG. Fiera Capital Corp raised its stake in Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares in the last quarter. Fred Alger Management LLC grew its holdings in shares of Procter & Gamble by 4.7% in the 2nd quarter. Fred Alger Management LLC now owns 67,580 shares of the company’s stock worth $11,145,000 after purchasing an additional 3,006 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of Procter & Gamble by 11.1% during the 2nd quarter. Employees Retirement System of Texas now owns 566,384 shares of the company’s stock worth $93,408,000 after purchasing an additional 56,456 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Procter & Gamble in the second quarter valued at about $526,000. Finally, Delta Investment Management LLC grew its stake in Procter & Gamble by 0.7% during the second quarter. Delta Investment Management LLC now owns 22,045 shares of the company’s stock worth $3,636,000 after buying an additional 154 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on 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. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $166.20 on Friday. The company has a market capitalization of $391.41 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 3.64 and a beta of 0.45. The firm’s 50 day simple moving average is $168.97 and its 200 day simple moving average is $169.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a fifty-two week low of $152.06 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly 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 17.07% and a return on equity of 33.25%. The company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same period last year, the firm posted $1.84 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Announces Dividend

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 given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Barclays boosted their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $180.25.

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.