Westmount Partners LLC Reduces Position in Procter & Gamble Company (The) (NYSE:PG)

Westmount Partners LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,826 shares of the company's stock after selling 1,886 shares during the period. Procter & Gamble comprises approximately 0.9% of Westmount Partners LLC's investment portfolio, making the stock its 23rd biggest position. Westmount Partners LLC's holdings in Procter & Gamble were worth $2,868,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $31,000. Hoey Investments Inc. increased its stake in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares in the last quarter. 10Elms LLP purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. increased its stake in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 1.0%

NYSE:PG traded down $1.54 on Friday, hitting $156.95. The stock had a trading volume of 8,051,886 shares, compared to its average volume of 7,607,817. The stock has a market cap of $367.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.47 and a beta of 0.40. Procter & Gamble Company has a 1-year low of $155.95 and a 1-year high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $161.77 and a two-hundred day moving average price of $164.92.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Raymond James Financial cut their target price 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. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

About Procter & Gamble

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.