Elk River Wealth Management LLC Sells 121 Shares of The Procter & Gamble Company (NYSE:PG)

Elk River Wealth Management LLC reduced its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,018 shares of the company’s stock after selling 121 shares during the quarter. Elk River Wealth Management LLC’s holdings in Procter & Gamble were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. NewSquare Capital LLC raised its position in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the fourth quarter worth approximately $31,000. Hoey Investments Inc. boosted its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock opened at $164.01 on Friday. The stock has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a 50 day simple moving average of $164.01 and a 200 day simple moving average of $167.27. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Profile

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.