Mosaic Financial Group LLC Reduces Stock Position in The Procter & Gamble Company (NYSE:PG)

Mosaic Financial Group LLC lessened its stake in The Procter & Gamble Company (NYSE:PG) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,537 shares of the company’s stock after selling 361 shares during the quarter. Mosaic Financial Group LLC’s holdings in Procter & Gamble were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC grew its position in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock worth $1,442,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Procter & Gamble by 14.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock valued at $820,031,000 after purchasing an additional 608,168 shares during the last quarter. United Bank grew its holdings in shares of Procter & Gamble by 1.7% during the 3rd quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after purchasing an additional 219 shares during the period. Atom Investors LP increased its position in shares of Procter & Gamble by 56.8% during the 3rd quarter. Atom Investors LP now owns 23,117 shares of the company’s stock worth $4,004,000 after purchasing an additional 8,375 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Procter & Gamble by 1,730.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 162,254 shares of the company’s stock valued at $28,109,000 after buying an additional 153,391 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Procter & Gamble Stock Up 1.5 %

PG stock opened at $170.49 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’s 50 day moving average price is $168.79 and its 200 day moving average price is $169.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market capitalization of $399.78 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.36%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

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.