The Procter & Gamble Company (NYSE:PG) Shares Sold by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 8,022 shares of the company’s stock after selling 966 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Procter & Gamble were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Traphagen Investment Advisors LLC increased its holdings in Procter & Gamble by 2.2% in the fourth quarter. Traphagen Investment Advisors LLC now owns 4,969 shares of the company’s stock valued at $833,000 after buying an additional 105 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of Procter & Gamble by 5.2% in the 4th quarter. Simon Quick Advisors LLC now owns 20,580 shares of the company’s stock valued at $3,450,000 after purchasing an additional 1,015 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in Procter & Gamble by 1.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 19,509 shares of the company’s stock worth $3,271,000 after purchasing an additional 186 shares during the period. Proquility Private Wealth Partners LLC boosted its position in Procter & Gamble by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,966 shares of the company’s stock worth $1,000,000 after purchasing an additional 66 shares in the last quarter. Finally, Verum Partners LLC grew its holdings in Procter & Gamble by 1.9% in the fourth quarter. Verum Partners LLC now owns 6,446 shares of the company’s stock valued at $1,081,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday. Finally, DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

PG stock opened at $166.20 on Friday. The Procter & Gamble Company has a 52-week low of $152.06 and a 52-week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock has a market cap of $391.41 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The business has a fifty day moving average of $168.97 and a two-hundred day moving average of $169.38.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period last year, the company earned $1.84 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

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.