Todd Asset Management LLC Sells 118 Shares of The Procter & Gamble Company (NYSE:PG)

Todd Asset Management LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,136 shares of the company’s stock after selling 118 shares during the quarter. Todd Asset Management LLC’s holdings in Procter & Gamble were worth $606,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $33,000. Mendota Financial Group LLC increased its stake in Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in Procter & Gamble in the 4th quarter worth $56,000. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PG shares. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated 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 approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated 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 approximately $5,943,835.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,865 shares of company stock valued at $14,059,180. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Up 0.4 %

Procter & Gamble stock traded up $0.62 during mid-day trading on Friday, reaching $164.46. 5,581,692 shares of the company were exchanged, compared to its average volume of 6,941,715. The business has a fifty day moving average of $160.01 and a 200 day moving average of $154.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The firm has a market cap of $388.15 billion, a P/E ratio of 26.87, a PEG ratio of 3.33 and a beta of 0.43. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $164.71.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

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.