Seamount Financial Group Inc. Decreases Stock Position in The Procter & Gamble Company (NYSE:PG)

Seamount Financial Group Inc. cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,185 shares of the company’s stock after selling 345 shares during the quarter. Seamount Financial Group Inc.’s holdings in Procter & Gamble were worth $869,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Management Associates Inc purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $394,000. Shepherd Financial Partners LLC increased its position in shares of Procter & Gamble by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 18,194 shares of the company’s stock valued at $3,050,000 after acquiring an additional 245 shares during the last quarter. Generate Investment Management Ltd acquired a new position in Procter & Gamble during the fourth quarter worth $16,784,000. Golden State Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $912,000. Finally, Gilliland Jeter Wealth Management LLC increased its stake in Procter & Gamble by 1.7% during the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 8,245 shares of the company’s stock worth $1,382,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.5 %

Shares of PG opened at $167.99 on Friday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $167.53 and a two-hundred day moving average price of $169.41. The stock has a market cap of $393.91 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45.

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

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock 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 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. 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. Finally, UBS Group cut their price objective 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. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction 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 sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 over the last three months. Company insiders own 0.18% of the company’s stock.

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.