The Procter & Gamble Company (NYSE:PG) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. trimmed its stake in shares of The Procter & Gamble Company (NYSE:PG) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 246,031 shares of the company’s stock after selling 16,359 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Procter & Gamble were worth $36,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dfpg Investments LLC raised its position in Procter & Gamble by 1.7% during the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock valued at $3,680,000 after buying an additional 424 shares during the period. Garrett Wealth Advisory Group LLC increased its holdings in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after purchasing an additional 260 shares during the period. Herold Advisors Inc. lifted its position in shares of Procter & Gamble by 2.2% in the fourth quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after purchasing an additional 581 shares in the last quarter. Metis Global Partners LLC boosted its holdings in shares of Procter & Gamble by 15.7% during the fourth quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock worth $16,858,000 after purchasing an additional 15,599 shares during the period. Finally, N.E.W. Advisory Services LLC grew its position in Procter & Gamble by 14.6% during the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after purchasing an additional 12,016 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Insiders sold a total of 118,724 shares of company stock valued at $19,312,729 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $1.32 during midday trading on Tuesday, hitting $165.76. The company’s stock had a trading volume of 6,374,243 shares, compared to its average volume of 6,896,868. 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 stock’s 50 day simple moving average is $160.23 and its 200 day simple moving average is $154.49. The stock has a market capitalization of $391.22 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.34 and a beta of 0.43. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $166.04.

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

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PG. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Barclays boosted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Stifel Nicolaus raised their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Raymond James lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada increased their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

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.