Puzo Michael J Sells 3,678 Shares of The Procter & Gamble Company (NYSE:PG)

Puzo Michael J lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,158 shares of the company’s stock after selling 3,678 shares during the quarter. Procter & Gamble comprises about 3.4% of Puzo Michael J’s portfolio, making the stock its 9th largest holding. Puzo Michael J’s holdings in Procter & Gamble were worth $12,097,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AllGen Financial Advisors Inc. grew its position in shares of Procter & Gamble by 1.9% in the fourth quarter. AllGen Financial Advisors Inc. now owns 22,553 shares of the company’s stock valued at $3,781,000 after purchasing an additional 427 shares during the last quarter. Broderick Brian C boosted its stake in Procter & Gamble by 1.8% in the 4th quarter. Broderick Brian C now owns 102,218 shares of the company’s stock valued at $17,137,000 after purchasing an additional 1,808 shares during the period. Wescott Financial Advisory Group LLC grew its holdings in Procter & Gamble by 0.3% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 23,271 shares of the company’s stock valued at $3,901,000 after buying an additional 80 shares in the last quarter. Conquis Financial LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth $140,000. Finally, Yoffe Investment Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $1,874,000. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Procter & Gamble Stock Performance

Shares of PG opened at $172.17 on Friday. The firm’s fifty day simple moving average is $169.19 and its two-hundred day simple moving average is $169.29. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. 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 stock has a market capitalization of $403.71 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is currently 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.