Perkins Coie Trust Co Sells 579 Shares of The Procter & Gamble Company (NYSE:PG)

Perkins Coie Trust Co trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 37,606 shares of the company’s stock after selling 579 shares during the quarter. Procter & Gamble comprises about 1.4% of Perkins Coie Trust Co’s portfolio, making the stock its 18th biggest holding. Perkins Coie Trust Co’s holdings in Procter & Gamble were worth $6,305,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PG. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth $28,000. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the 3rd quarter worth $33,000. Costello Asset Management INC increased its holdings in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in Procter & Gamble in the second quarter valued at about $58,000. Finally, Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after purchasing an additional 138 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on 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. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on PG. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Stifel Nicolaus decreased their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a report on Friday. Barclays reduced their price target on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Friday. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Finally, Wells Fargo & Company dropped their price objective on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Stock Performance

Shares of PG opened at $161.35 on Monday. The firm has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The stock has a 50 day moving average price of $169.19 and a two-hundred day moving average price of $169.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors 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 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is currently 69.31%.

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.