Murphy Capital Management Inc. lowered its holdings in shares of Procter & Gamble Co (NYSE:PG) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,480 shares of the company’s stock after selling 1,455 shares during the period. Procter & Gamble makes up 1.3% of Murphy Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Murphy Capital Management Inc.’s holdings in Procter & Gamble were worth $7,949,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Roman Butler Fullerton & Co. bought a new stake in Procter & Gamble during the fourth quarter worth about $2,444,000. Alps Advisors Inc. boosted its stake in Procter & Gamble by 78.7% during the fourth quarter. Alps Advisors Inc. now owns 47,007 shares of the company’s stock worth $4,321,000 after acquiring an additional 20,698 shares in the last quarter. Dearborn Partners LLC boosted its stake in Procter & Gamble by 3.6% during the fourth quarter. Dearborn Partners LLC now owns 84,436 shares of the company’s stock worth $7,761,000 after acquiring an additional 2,958 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Procter & Gamble by 6.2% during the fourth quarter. Howe & Rusling Inc. now owns 6,532 shares of the company’s stock worth $600,000 after acquiring an additional 381 shares in the last quarter. Finally, Isthmus Partners LLC boosted its stake in Procter & Gamble by 5.5% during the fourth quarter. Isthmus Partners LLC now owns 11,887 shares of the company’s stock worth $1,093,000 after acquiring an additional 620 shares in the last quarter. 61.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PG opened at $102.91 on Friday. The company has a market capitalization of $264.20 billion, a PE ratio of 24.39, a PEG ratio of 3.39 and a beta of 0.39. Procter & Gamble Co has a 52-week low of $72.80 and a 52-week high of $108.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.02. The firm had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. On average, research analysts anticipate that Procter & Gamble Co will post 4.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a dividend yield of 2.90%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, April 17th. Procter & Gamble’s payout ratio is presently 70.62%.

In other news, VP Valarie L. Sheppard sold 26,891 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $106.32, for a total transaction of $2,859,051.12. Following the completion of the transaction, the vice president now directly owns 51,323 shares of the company’s stock, valued at $5,456,661.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn M. Tastad sold 3,980 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $105.85, for a total transaction of $421,283.00. Following the transaction, the insider now directly owns 46,495 shares of the company’s stock, valued at $4,921,495.75. The disclosure for this sale can be found here. Insiders have sold 320,840 shares of company stock valued at $33,904,086 over the last three months. 1.84% of the stock is owned by corporate insiders.

PG has been the topic of several research reports. Macquarie set a $110.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Credit Suisse Group initiated coverage on shares of Procter & Gamble in a research note on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Co upgraded shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $78.00 to $115.00 in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $101.42.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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