B & T Capital Management DBA Alpha Capital Management Lowers Holdings in The Procter & Gamble Company (NYSE:PG)

B & T Capital Management DBA Alpha Capital Management lessened its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,591 shares of the company’s stock after selling 85 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Procter & Gamble were worth $380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wyrmwood Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Procter & Gamble in the second quarter worth about $50,000. CGC Financial Services LLC purchased a new position in Procter & Gamble in the 2nd quarter worth about $55,000. VitalStone Financial LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at about $60,000. Finally, RVW Wealth LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $77,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PG shares. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.41.

Procter & Gamble Price Performance

Shares of PG traded up $0.60 during trading hours on Tuesday, hitting $160.79. 647,939 shares of the stock were exchanged, compared to its average volume of 6,819,182. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $162.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The stock’s 50-day moving average price is $157.76 and its two-hundred day moving average price is $151.99. The company has a market cap of $378.34 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS. Research analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were given a dividend of $0.9407 per share. This represents a $3.76 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 in the last ninety days. 0.17% of the stock is owned by insiders.

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.