Nichols & Pratt Advisers LLP MA Lowers Holdings in Procter & Gamble (PG)

Nichols & Pratt Advisers LLP MA lowered its holdings in shares of Procter & Gamble (NYSE:PG) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 595,948 shares of the company’s stock after selling 9,544 shares during the quarter. Procter & Gamble makes up 4.7% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 2nd largest position. Nichols & Pratt Advisers LLP MA’s holdings in Procter & Gamble were worth $54,690,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PG. Signature Estate & Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $103,000. Cerebellum GP LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $122,000. James Investment Research Inc. lifted its position in shares of Procter & Gamble by 400.0% in the fourth quarter. James Investment Research Inc. now owns 1,500 shares of the company’s stock valued at $138,000 after acquiring an additional 1,200 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its position in shares of Procter & Gamble by 140.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,621 shares of the company’s stock valued at $149,000 after acquiring an additional 947 shares in the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new position in shares of Procter & Gamble in the third quarter valued at approximately $173,000. Institutional investors own 63.02% of the company’s stock.

Shares of Procter & Gamble stock opened at $73.96 on Friday. Procter & Gamble has a one year low of $72.98 and a one year high of $73.65. The company has a market cap of $183.91 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.36 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.02. The firm had revenue of $16.28 billion for the quarter, compared to the consensus estimate of $16.22 billion. Procter & Gamble had a return on equity of 20.72% and a net margin of 15.17%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. research analysts predict that Procter & Gamble will post 4.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, April 20th were paid a dividend of $0.7172 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $2.87 annualized dividend and a yield of 3.88%. Procter & Gamble’s dividend payout ratio (DPR) is 73.21%.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Barclays restated a “hold” rating and issued a $80.00 target price on shares of Procter & Gamble in a research report on Sunday, April 22nd. Morgan Stanley decreased their target price on Procter & Gamble from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, April 20th. Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Finally, Bank of America downgraded Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has a consensus rating of “Hold” and an average price target of $82.85.

In other Procter & Gamble news, insider Jeffrey K. Schomburger sold 37,776 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $81.37, for a total transaction of $3,073,833.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven D. Bishop sold 2,075 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $71.87, for a total value of $149,130.25. Following the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at approximately $3,056,199.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,456 shares of company stock valued at $3,663,460. 0.35% of the stock is owned by insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company's Beauty segment offers hair care products, including conditioners, shampoos, styling aids, and treatments; and skin and personal care products, such as antiperspirant and deodorant, personal cleansing, and skin care products.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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