Procter & Gamble Company (The) $PG Shares Sold by Diversified Trust Co.

Key Points

• Diversified Trust Co. cut its Procter & Gamble stake by 49.6% in Q4, selling 64,515 shares and leaving 65,575 shares valued at about $9.40 million.
• Significant insider selling: Chairman Jon R. Moeller and CEO Gary A. Coombe sold large blocks on Feb 12 (162,232 and 36,093 shares respectively), and insiders have sold 348,618 shares worth $55.46 million in the last three months.
• Recent results and payout: P&G reported $1.88 EPS (beat by $0.02) on $22.21 billion revenue (slightly below estimates) and pays a quarterly dividend of $1.0568 (annualized $4.23) for a ~2.9% yield.

Diversified Trust Co. lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,575 shares of the company's stock after selling 64,515 shares during the period. Diversified Trust Co.'s holdings in Procter & Gamble were worth $9,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $25,000. Saranac Partners Ltd purchased a new position in shares of Procter & Gamble during the 3rd quarter worth $30,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the third quarter worth $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $34,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $37,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $143.97 on Tuesday. The business's fifty day moving average price is $154.08 and its 200 day moving average price is $150.53. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. 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 capitalization of $334.58 billion, a P/E ratio of 21.33, a PEG ratio of 4.82 and a beta of 0.37.

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

Procter & Gamble Dividend Announcement

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

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, Chairman Jon R. Moeller sold 162,232 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman directly owned 319,385 shares of the company's stock, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company's stock, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 in the last three months. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Dbs Bank upgraded Procter & Gamble from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. TD Cowen cut Procter & Gamble from a "buy" rating to a "hold" rating and lifted their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, January 16th. Jefferies Financial Group raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and raised their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, UBS Group boosted their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $168.33.

About Procter & Gamble

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.