Schrum Private Wealth Management LLC Trims Position in The Procter & Gamble Company (NYSE:PG)

Schrum Private Wealth Management LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 32.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,016 shares of the company’s stock after selling 2,366 shares during the period. Schrum Private Wealth Management LLC’s holdings in Procter & Gamble were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PG. Geode Capital Management LLC boosted its holdings in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after buying an additional 3,619,466 shares in the last quarter. FMR LLC boosted its stake in Procter & Gamble by 2.7% during the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock valued at $4,599,554,000 after purchasing an additional 689,282 shares during the period. Franklin Resources Inc. raised its holdings in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. Fisher Asset Management LLC grew its position in Procter & Gamble by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company’s stock worth $3,133,850,000 after acquiring an additional 312,203 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Procter & Gamble by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company’s stock worth $2,830,252,000 after acquiring an additional 459,437 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PG shares. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $174.83 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $166.64 and a two-hundred day simple moving average of $169.69. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a market cap of $409.95 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.30%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock worth $23,988,008 in the last three months. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.