Westside Investment Management Inc. Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Westside Investment Management Inc. lessened its position in The Procter & Gamble Company (NYSE:PG) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,303 shares of the company’s stock after selling 211 shares during the quarter. Westside Investment Management Inc.’s holdings in Procter & Gamble were worth $698,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC acquired a new stake in Procter & Gamble in the fourth quarter valued at $17,696,000. Dfpg Investments LLC lifted its position in shares of Procter & Gamble by 1.7% during the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares during the last quarter. Campbell Wealth Management grew its position in shares of Procter & Gamble by 13.1% in the 4th quarter. Campbell Wealth Management now owns 1,988 shares of the company’s stock valued at $291,000 after buying an additional 231 shares during the last quarter. Herold Advisors Inc. raised its stake in Procter & Gamble by 2.2% during the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after acquiring an additional 581 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Procter & Gamble by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after purchasing an additional 15,599 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,544 shares of company stock worth $25,413,051. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $163.76 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $386.50 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.13 and a beta of 0.41. The business’s 50-day moving average price is $165.70 and its 200 day moving average price is $159.15. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is presently 65.69%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BNP Paribas began coverage on Procter & Gamble in a research note on Monday, June 24th. They set an “outperform” rating and a $187.00 price target on the stock. Argus raised their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.72.

Procter & Gamble Company 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.