Gitterman Wealth Management LLC Has $418,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Gitterman Wealth Management LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,853 shares of the company’s stock after selling 94 shares during the quarter. Procter & Gamble makes up 0.2% of Gitterman Wealth Management LLC’s holdings, making the stock its 27th biggest position. Gitterman Wealth Management LLC’s holdings in Procter & Gamble were worth $418,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PG. Wyrmwood Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $29,000. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $29,000. Criterion Capital Advisors LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $33,000. Mendota Financial Group LLC lifted its holdings in shares of Procter & Gamble by 636.6% during the fourth 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, Morton Brown Family Wealth LLC lifted its holdings in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’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 value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,865 shares of company stock worth $16,029,280. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE:PG traded down $1.26 during midday trading on Friday, hitting $161.29. 5,659,784 shares of the stock were exchanged, compared to its average volume of 6,820,118. The stock has a market capitalization of $380.67 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 3.27 and a beta of 0.44. 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 business’s 50-day moving average price is $159.64 and its 200 day moving average price is $153.57. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $164.32.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share. Analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued 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 dividend yield of 2.50%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is 65.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PG shares. 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 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. Deutsche Bank Aktiengesellschaft decreased their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. UBS Group raised their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Jefferies Financial Group raised their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.