Global Strategic Investment Solutions LLC Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Global Strategic Investment Solutions LLC reduced its position in The Procter & Gamble Company (NYSE:PG) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,778 shares of the company’s stock after selling 97 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Procter & Gamble were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PG. Lakeridge Wealth Management LLC increased its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC increased its position in shares of Procter & Gamble by 3.2% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after acquiring an additional 62 shares during the period. Tevis Investment Management increased its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after acquiring an additional 65 shares during the period. Dakota Community Bank & Trust NA increased its position in shares of Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock worth $348,000 after acquiring an additional 66 shares during the period. Finally, Alhambra Investment Management LLC increased its position in shares of Procter & Gamble by 1.2% during the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after acquiring an additional 66 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG opened at $175.50 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a market capitalization of $411.52 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The firm has a 50-day simple moving average of $166.44 and a 200-day simple moving average of $169.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.29%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PG. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group reissued a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.11.

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.