Etesian Wealth Advisors Inc. Cuts Position in The Procter & Gamble Company (NYSE:PG)

Etesian Wealth Advisors Inc. cut its position in The Procter & Gamble Company (NYSE:PG) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,061 shares of the company’s stock after selling 702 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its position in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after buying an additional 1,466,115 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Procter & Gamble by 1.6% during the third quarter. Brookstone Capital Management now owns 62,212 shares of the company’s stock worth $10,775,000 after acquiring an additional 953 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Procter & Gamble by 16.2% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,872 shares of the company’s stock valued at $1,190,000 after acquiring an additional 960 shares in the last quarter. CWM LLC boosted its stake in Procter & Gamble by 4.2% in the 3rd quarter. CWM LLC now owns 476,257 shares of the company’s stock worth $82,488,000 after purchasing an additional 19,121 shares in the last quarter. Finally, Abner Herrman & Brock LLC grew its position in Procter & Gamble by 3.4% during the 3rd quarter. Abner Herrman & Brock LLC now owns 39,827 shares of the company’s stock worth $6,898,000 after purchasing an additional 1,316 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

NYSE:PG opened at $168.96 on Friday. 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 Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The stock’s 50-day moving average price is $167.74 and its 200-day moving average price is $169.41. The stock has a market capitalization of $396.18 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the 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 directly owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was 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 valued at $25,635,076 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group decreased their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI increased their price target 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 research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.