Well Done LLC Reduces Holdings in The Procter & Gamble Company (NYSE:PG)

Well Done LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,582 shares of the company’s stock after selling 275 shares during the period. Well Done LLC’s holdings in Procter & Gamble were worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PG. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble during the 2nd quarter valued at about $50,000. CGC Financial Services LLC acquired a new position in Procter & Gamble during the 2nd quarter valued at about $55,000. VitalStone Financial LLC acquired a new position in Procter & Gamble during the 2nd quarter valued at about $60,000. Finally, RVW Wealth LLC acquired a new position in Procter & Gamble during the 3rd quarter valued at about $77,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the 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 transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $0.45 on Thursday, reaching $162.16. The stock had a trading volume of 3,028,796 shares, compared to its average volume of 6,838,343. The business’s 50-day moving average price is $158.17 and its two-hundred day moving average price is $152.09. 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 Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The stock has a market cap of $381.57 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The firm 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%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were paid a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s dividend payout ratio is 62.98%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PG. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Raymond James boosted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $168.41.

Procter & Gamble 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.