NTV Asset Management LLC Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

NTV Asset Management LLC lessened its holdings in The Procter & Gamble Company (NYSE:PG) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,230 shares of the company’s stock after selling 300 shares during the period. NTV Asset Management LLC’s holdings in Procter & Gamble were worth $5,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Hexagon Capital Partners LLC increased its holdings in Procter & Gamble by 0.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 10,058 shares of the company’s stock valued at $1,467,000 after acquiring an additional 74 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Procter & Gamble by 3.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 629,247 shares of the company’s stock valued at $91,782,000 after acquiring an additional 22,454 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Procter & Gamble by 0.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,520,789 shares of the company’s stock worth $367,682,000 after purchasing an additional 10,090 shares during the last quarter. Xponance Inc. raised its stake in Procter & Gamble by 3.4% during the third quarter. Xponance Inc. now owns 335,580 shares of the company’s stock valued at $48,948,000 after purchasing an additional 11,035 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its position in Procter & Gamble by 1.6% during the third quarter. Joel Isaacson & Co. LLC now owns 65,135 shares of the company’s stock valued at $9,501,000 after purchasing an additional 1,025 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PG shares. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Raymond James upped their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Argus boosted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.76.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at $1,586,483.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Procter & Gamble 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 transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares in the company, valued at approximately $1,586,483.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,865 shares of company stock valued at $14,059,180. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE:PG traded up $0.62 during 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 company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm has a market capitalization of $388.15 billion, a PE ratio of 26.87, a P/E/G ratio of 3.33 and a beta of 0.43. The business’s fifty day simple moving average is $160.01 and its 200-day simple moving average is $154.17. 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 released its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same period last year, the business posted $1.37 EPS. Procter & Gamble’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.45%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. 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.