Gradient Investments LLC Has $11.21 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Gradient Investments LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,978 shares of the company’s stock after selling 6,056 shares during the period. Gradient Investments LLC’s holdings in Procter & Gamble were worth $11,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $30,000. Horizons Wealth Management acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $52,000. Belmont Capital LLC boosted its position in shares of Procter & Gamble by 40.0% during the 3rd quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after acquiring an additional 110 shares in the last quarter. Align Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $50,000. Finally, New Millennium Group LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $81,000. Institutional investors and hedge funds own 62.13% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $142.93 on Friday. The company has a fifty day moving average price of $141.73 and a 200-day moving average price of $140.63. The company has a market capitalization of $337.19 billion, a P/E ratio of 25.08, a PEG ratio of 3.90 and a beta of 0.40. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were paid a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s dividend payout ratio is presently 64.04%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday. They issued a “hold” rating on the stock. Barclays cut their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, January 20th. Wolfe Research began coverage on shares of Procter & Gamble in a research report on Monday, November 21st. They issued an “outperform” rating and a $156.00 target price on the stock. Finally, Citigroup began coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 target price on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $180,052.74. Following the completion of the sale, the chief financial officer now directly owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 709 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $656,511 over the last quarter. Insiders own 0.26% of the company’s stock.

Procter & Gamble Company Profile

(Get Rating)

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.