Saxon Interests Inc. Has $442,000 Stake in The Procter & Gamble Company (NYSE:PG)

Saxon Interests Inc. lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,637 shares of the company’s stock after selling 130 shares during the quarter. Saxon Interests Inc.’s holdings in Procter & Gamble were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PG. Avanza Fonder AB acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $41,870,000. Wealthcare Capital Management LLC grew its holdings in shares of Procter & Gamble by 5.9% during the fourth quarter. Wealthcare Capital Management LLC now owns 1,294 shares of the company’s stock worth $217,000 after buying an additional 72 shares in the last quarter. Tompkins Financial Corp raised its position in Procter & Gamble by 1.4% in the 4th quarter. Tompkins Financial Corp now owns 50,916 shares of the company’s stock valued at $8,536,000 after buying an additional 693 shares during the last quarter. Yarger Wealth Strategies LLC lifted its stake in Procter & Gamble by 28.7% in the 4th quarter. Yarger Wealth Strategies LLC now owns 2,105 shares of the company’s stock valued at $353,000 after acquiring an additional 469 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in Procter & Gamble by 30.1% during the 4th quarter. Hennessy Advisors Inc. now owns 44,250 shares of the company’s stock worth $7,419,000 after acquiring an additional 10,250 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on 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 owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the 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 sale, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. This represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 75,439 shares of company stock worth $13,317,460. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $161.35 on Friday. The company has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The stock’s 50 day moving average is $169.19 and its 200-day moving average is $169.38. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. 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 posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the firm earned $1.83 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio is presently 69.48%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI boosted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, UBS Group decreased their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.65.

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.