The Procter & Gamble Company (NYSE:PG) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 90.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,594 shares of the company's stock after selling 32,746 shares during the quarter. Western Wealth Management LLC's holdings in Procter & Gamble were worth $602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. Braun Bostich & Associates Inc. raised its stake in Procter & Gamble by 3.1% in the 4th quarter. Braun Bostich & Associates Inc. now owns 3,379 shares of the company's stock valued at $566,000 after acquiring an additional 102 shares during the period. Missouri Trust & Investment Co raised its position in shares of Procter & Gamble by 0.7% in the fourth quarter. Missouri Trust & Investment Co now owns 12,985 shares of the company's stock valued at $2,177,000 after purchasing an additional 91 shares during the period. West Branch Capital LLC lifted its stake in shares of Procter & Gamble by 2.7% during the 4th quarter. West Branch Capital LLC now owns 60,526 shares of the company's stock worth $10,147,000 after buying an additional 1,567 shares during the last quarter. Advisory Alpha LLC grew its stake in Procter & Gamble by 9.4% in the 4th quarter. Advisory Alpha LLC now owns 13,473 shares of the company's stock valued at $2,259,000 after buying an additional 1,163 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in Procter & Gamble by 1.0% in the 4th quarter. Albion Financial Group UT now owns 33,058 shares of the company's stock worth $5,542,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,520 shares of company stock worth $7,909,388 over the last quarter. Insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.5%

Procter & Gamble stock traded up $0.86 during midday trading on Thursday, reaching $168.22. The stock had a trading volume of 1,612,237 shares, compared to its average volume of 7,265,507. The firm has a market cap of $394.39 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a fifty day moving average of $164.15 and a 200 day moving average of $167.35. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.51%. Procter & Gamble's payout ratio is 66.98%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PG. Royal Bank of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.52.

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.