The Procter & Gamble Company (NYSE:PG) Shares Sold by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC lowered its position in The Procter & Gamble Company (NYSE:PG) by 7.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,449 shares of the company’s stock after selling 196 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Procter & Gamble were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PG. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Procter & Gamble by 8.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,423 shares of the company’s stock worth $239,000 after purchasing an additional 113 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Procter & Gamble by 2.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 66,355 shares of the company’s stock worth $11,124,000 after buying an additional 1,749 shares in the last quarter. Abundance Wealth Counselors lifted its stake in shares of Procter & Gamble by 2.3% in the 4th quarter. Abundance Wealth Counselors now owns 10,647 shares of the company’s stock worth $1,785,000 after acquiring an additional 244 shares during the period. Independence Bank of Kentucky boosted its holdings in shares of Procter & Gamble by 11.1% in the fourth quarter. Independence Bank of Kentucky now owns 50,424 shares of the company’s stock valued at $8,454,000 after acquiring an additional 5,035 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $336,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $165.98 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $389.20 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The company has a 50 day simple moving average of $168.34 and a 200-day simple moving average of $169.41. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. UBS Group cut their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Company 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.