Cohen Capital Management Inc. Sells 200 Shares of The Procter & Gamble Company (NYSE:PG)

Cohen Capital Management Inc. decreased its position in The Procter & Gamble Company (NYSE:PG) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,528 shares of the company’s stock after selling 200 shares during the period. Procter & Gamble accounts for 2.0% of Cohen Capital Management Inc.’s portfolio, making the stock its 13th largest position. Cohen Capital Management Inc.’s holdings in Procter & Gamble were worth $10,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $33,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its holdings in Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after purchasing an additional 281 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PG shares. Jefferies Financial Group raised their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group initiated coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Royal Bank of Canada increased 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, Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $168.76.

Procter & Gamble Stock Performance

Shares of PG traded up $2.42 during trading hours on Monday, hitting $160.56. The company had a trading volume of 8,925,924 shares, compared to its average volume of 6,958,951. The firm has a market cap of $377.80 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $159.21 and a 200-day moving average of $153.13.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.53 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at approximately $768,256.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock worth $43,187,745 over the last 90 days. Insiders own 0.17% of the company’s stock.

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.