Private Advisory Group LLC Sells 59,559 Shares of Procter & Gamble Company (The) $PG

Key Points

• Private Advisory Group LLC cut its stake in Procter & Gamble by 96.3%59,559 shares in Q4 and leaving it with 2,303 shares worth about $330,000.
• Company insiders have been heavy sellers: Moses Victor Javier Aguilar sold 15,169 shares and Chairman Jon R. Moeller sold 162,232 shares, with insiders offloading 348,618 shares (~$55.46M) over the past 90 days; insiders now own 0.20% of the stock.
• Procter & Gamble trades with a market cap of about $336.4B, a PE of 21.45, and pays a $4.23 annual dividend (yield ~2.9%); analysts rate the stock a consensus “Moderate Buy” with a target of $167.83.

Private Advisory Group LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 96.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,303 shares of the company's stock after selling 59,559 shares during the period. Private Advisory Group LLC's holdings in Procter & Gamble were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its position in Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC lifted its stake in shares of Procter & Gamble by 10.8% in the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after purchasing an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in shares of Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after purchasing an additional 809 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider owned 44,735 shares of the company's stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last 90 days. 0.20% of the stock is owned by insiders.

Procter & Gamble Trading Up 1.4%

NYSE PG opened at $144.76 on Tuesday. The company's 50-day moving average price is $153.93 and its 200-day moving average price is $149.97. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a market cap of $336.43 billion, a PE ratio of 21.45, a PEG ratio of 4.77 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analysts' expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble's dividend payout ratio is 62.67%.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. Barclays set a $155.00 price target on Procter & Gamble in a report on Friday, January 16th. Rothschild & Co Redburn boosted their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, January 23rd. Wells Fargo & Company reissued an "overweight" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $171.00 to $162.00 and set a "hold" rating for the company in a report on Monday. Finally, Piper Sandler began coverage on shares of Procter & Gamble in a report on Wednesday, January 7th. They set a "neutral" rating and a $150.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.83.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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