Park Place Capital Corp Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Park Place Capital Corp cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,327 shares of the company’s stock after selling 131 shares during the period. Park Place Capital Corp’s holdings in Procter & Gamble were worth $725,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Magnus Financial Group LLC grew its stake in shares of Procter & Gamble by 3.3% in the 4th quarter. Magnus Financial Group LLC now owns 4,846 shares of the company’s stock worth $812,000 after buying an additional 157 shares during the last quarter. Albion Financial Group UT increased its holdings 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 buying an additional 320 shares in the last quarter. Advisory Alpha LLC raised its holdings in shares of Procter & Gamble by 9.4% during the fourth quarter. Advisory Alpha LLC now owns 13,473 shares of the company’s stock valued at $2,259,000 after purchasing an additional 1,163 shares during the last quarter. West Branch Capital LLC raised its stake in Procter & Gamble by 2.7% during the 4th quarter. West Branch Capital LLC now owns 60,526 shares of the company’s stock valued at $10,147,000 after buying an additional 1,567 shares during the last quarter. Finally, Missouri Trust & Investment Co lifted its holdings in 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 acquiring an additional 91 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $166.20 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $168.97 and its 200-day simple moving average is $169.38. The company has a market capitalization of $391.41 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.64 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $152.06 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same period in the prior year, the business posted $1.84 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s payout ratio is 69.48%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

Procter & Gamble 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.