Westmount Partners LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Westmount Partners LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,712 shares of the company’s stock after selling 345 shares during the quarter. Procter & Gamble comprises approximately 1.0% of Westmount Partners LLC’s holdings, making the stock its 23rd biggest holding. Westmount Partners LLC’s holdings in Procter & Gamble were worth $3,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PG. Concurrent Investment Advisors LLC increased its position in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after purchasing an additional 4,035 shares during the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $668,000. Fortem Financial Group LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $569,000. Synovus Financial Corp lifted its stake in Procter & Gamble by 3.4% in the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after acquiring an additional 6,077 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Procter & Gamble by 7.5% during the 4th quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after acquiring an additional 201,695 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.70 during mid-day trading on Monday, reaching $159.26. 3,423,886 shares of the company’s stock traded hands, compared to its average volume of 6,369,470. The firm has a market capitalization of $375.06 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 3.70 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a 50 day moving average price of $169.64 and a two-hundred day moving average price of $169.61. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current year.

Insider Activity at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 over the last ninety days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Monday, October 21st. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday, September 30th. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Finally, JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.75.

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.