The Procter & Gamble Company (NYSE:PG) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,092 shares of the company’s stock after selling 167 shares during the quarter. Forte Capital LLC ADV’s holdings in Procter & Gamble were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PG. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new position in Procter & Gamble during the fourth quarter worth $33,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $56,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total value of $5,049,900.00. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,865 shares of company stock valued at $14,059,180. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PG shares. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Wells Fargo & Company raised their target price on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Raymond James raised their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Argus increased their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Up 0.4 %

Shares of PG traded up $0.62 during midday trading on Friday, reaching $164.46. 5,581,692 shares of the stock were exchanged, compared to its average volume of 6,941,715. The company has a market cap of $388.15 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.33 and a beta of 0.43. The firm has a 50 day simple moving average of $160.01 and a 200-day simple moving average of $154.17. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $164.71. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.85%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.