Beese Fulmer Investment Management Inc. Has $19.93 Million Position in The Procter & Gamble Company (NYSE:PG)

Beese Fulmer Investment Management Inc. decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 118,900 shares of the company’s stock after selling 306 shares during the quarter. Procter & Gamble makes up approximately 1.7% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 17th largest holding. Beese Fulmer Investment Management Inc.’s holdings in Procter & Gamble were worth $19,934,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PG. AMF Tjanstepension AB grew its holdings in shares of Procter & Gamble by 416.1% in 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 during the period. Tobam lifted its holdings in Procter & Gamble by 12.4% during the third quarter. Tobam now owns 7,487 shares of the company’s stock worth $1,297,000 after acquiring an additional 827 shares in the last quarter. Boston Common Asset Management LLC grew its stake in Procter & Gamble by 2.2% in the third quarter. Boston Common Asset Management LLC now owns 130,317 shares of the company’s stock valued at $22,571,000 after acquiring an additional 2,867 shares during the period. Keeler & Nadler Financial Planning & Wealth Management acquired a new stake in shares of Procter & Gamble during the third quarter worth about $206,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Procter & Gamble by 1.8% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 16,904 shares of the company’s stock valued at $2,928,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.5 %

Shares of NYSE:PG opened at $167.99 on Friday. The company has a 50-day simple moving average of $167.53 and a 200 day simple moving average of $169.41. The company has a market capitalization of $393.91 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 3.73 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 0.76. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the previous year, the company posted $1.84 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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 paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Analyst Ratings Changes

Several brokerages have commented on PG. DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective 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. Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus boosted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,097 shares of company stock valued at $25,635,076. Company insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.