Aviance Capital Partners LLC Sells 930 Shares of The Procter & Gamble Company (NYSE:PG)

Aviance Capital Partners LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,089 shares of the company’s stock after selling 930 shares during the period. Aviance Capital Partners LLC’s holdings in Procter & Gamble were worth $3,237,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Dfpg Investments LLC raised its holdings in shares of 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 acquiring an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC raised its holdings in Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares in the last quarter. Herold Advisors Inc. lifted its position in shares of Procter & Gamble by 2.2% in the 4th quarter. Herold Advisors Inc. now owns 26,592 shares of the company’s stock worth $3,897,000 after purchasing an additional 581 shares during the period. Metis Global Partners LLC boosted its stake in shares of Procter & Gamble by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 115,039 shares of the company’s stock valued at $16,858,000 after purchasing an additional 15,599 shares in the last quarter. Finally, N.E.W. Advisory Services LLC increased its position in shares of 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 buying an additional 12,016 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.0 %

Shares of Procter & Gamble stock traded down $0.02 on Monday, reaching $164.44. The company’s stock had a trading volume of 5,470,365 shares, compared to its average volume of 6,902,192. The company has a market capitalization of $388.10 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.34 and a beta of 0.43. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $164.98. The firm’s fifty day simple moving average is $160.10 and its two-hundred day simple moving average is $154.37.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. Equities 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. Shareholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is currently 65.85%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PG shares. Stifel Nicolaus lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Argus boosted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target for the company. Finally, Raymond James boosted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Seven investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Activity

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total value of $5,049,900.00. Following the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Shailesh Jejurikar sold 31,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 9,739 shares in the company, valued at $1,586,483.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 776 shares of the company’s 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 of the company’s stock, valued at $768,256.49. The disclosure for this sale can be found here. Insiders have sold 86,865 shares of company stock valued at $14,059,180 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

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.