Twin Capital Management Inc. Cuts Position in Procter & Gamble Company (The) (NYSE:PG)

Twin Capital Management Inc. reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,485 shares of the company's stock after selling 2,331 shares during the quarter. Procter & Gamble comprises 1.2% of Twin Capital Management Inc.'s holdings, making the stock its 13th largest position. Twin Capital Management Inc.'s holdings in Procter & Gamble were worth $10,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PG. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter valued at approximately $31,000. Hoey Investments Inc. raised its position in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. 10Elms LLP acquired a new stake in Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $34,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on PG shares. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group decreased their target price on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Barclays lifted their target price on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $176.84.

Procter & Gamble Stock Down 0.1%

Shares of Procter & Gamble stock traded down $0.16 during midday trading on Monday, hitting $154.94. The company had a trading volume of 6,327,229 shares, compared to its average volume of 7,651,228. The company has a 50 day moving average of $161.31 and a 200 day moving average of $164.41. The stock has a market capitalization of $363.25 billion, a P/E ratio of 24.59, a P/E/G ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a 52-week low of $151.90 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.73%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.