Boston Common Asset Management LLC Reduces Stake in The Procter & Gamble Company (NYSE:PG)

Boston Common Asset Management LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 170,972 shares of the company’s stock after selling 34,073 shares during the quarter. Boston Common Asset Management LLC’s holdings in Procter & Gamble were worth $25,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Axiom Financial Strategies LLC increased its stake in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares during the last quarter. AMI Investment Management Inc. increased its position in shares of Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares during the last quarter. LSV Asset Management raised its stake in Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,000 shares in the last quarter. Ergoteles LLC bought a new stake in Procter & Gamble during the first quarter valued at approximately $3,073,000. Finally, Wsfs Capital Management LLC grew its stake in Procter & Gamble by 12.0% in the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after buying an additional 455 shares in the last quarter. 63.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. UBS Group increased their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus increased their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.41.

Read Our Latest Report on Procter & Gamble

Procter & Gamble Stock Performance

Shares of PG stock opened at $161.38 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $156.57 and a 200 day moving average of $151.72. The firm has a market capitalization of $379.73 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.31 and a beta of 0.44. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $162.73.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same period last year, the company posted $1.59 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a $0.9407 dividend. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.33%. Procter & Gamble’s payout ratio is 62.98%.

Insider Activity

In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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