Balentine LLC Sells 3,871 Shares of The Procter & Gamble Company (NYSE:PG)

Balentine LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 27.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,988 shares of the company’s stock after selling 3,871 shares during the quarter. Balentine LLC’s holdings in Procter & Gamble were worth $1,675,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its position in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after acquiring an additional 1,466,115 shares during the last quarter. Retirement Planning Group LLC grew its holdings in Procter & Gamble by 17.6% during the 3rd quarter. Retirement Planning Group LLC now owns 4,640 shares of the company’s stock valued at $804,000 after buying an additional 693 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in Procter & Gamble by 1.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 13,045 shares of the company’s stock worth $2,259,000 after acquiring an additional 229 shares during the last quarter. Orca Investment Management LLC raised its holdings in shares of Procter & Gamble by 13.7% during the 3rd quarter. Orca Investment Management LLC now owns 3,434 shares of the company’s stock worth $595,000 after acquiring an additional 414 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Procter & Gamble by 5.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,222 shares of the company’s stock valued at $2,983,000 after purchasing an additional 863 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

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

Analyst Ratings Changes

A number of research firms recently issued reports on PG. Evercore ISI upped their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company upped 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, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley raised their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Stock Performance

Shares of PG stock opened at $167.45 on Tuesday. 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 company has a market cap of $392.64 billion, a PE ratio of 26.66, a PEG ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The business’s fifty day simple moving average is $167.30 and its 200-day simple moving average is $169.43.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s payout ratio is currently 64.17%.

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.