The Procter & Gamble Company (NYSE:PG) Shares Sold by Heartwood Wealth Advisors LLC

Heartwood Wealth Advisors LLC trimmed its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,786 shares of the company’s stock after selling 283 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Procter & Gamble were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PG. Harbor Capital Advisors Inc. lifted its holdings in Procter & Gamble by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,647 shares of the company’s stock worth $5,641,000 after purchasing an additional 822 shares during the period. CCM Investment Advisers LLC raised its position in shares of Procter & Gamble by 2.9% during the 4th quarter. CCM Investment Advisers LLC now owns 72,801 shares of the company’s stock worth $12,205,000 after buying an additional 2,054 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Procter & Gamble by 6.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 206,896 shares of the company’s stock valued at $34,686,000 after acquiring an additional 11,730 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Procter & Gamble by 16.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,780,064 shares of the company’s stock worth $308,308,000 after purchasing an additional 245,863 shares during the period. Finally, Avondale Wealth Management increased its position in shares of Procter & Gamble by 64.1% during the 4th quarter. Avondale Wealth Management now owns 3,200 shares of the company’s stock valued at $536,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on PG. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Morgan Stanley raised their price objective on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.75.

Procter & Gamble Price Performance

Shares of PG stock traded down $4.58 during mid-day trading on Friday, reaching $157.52. The company’s stock had a trading volume of 4,299,350 shares, compared to its average volume of 6,154,908. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The firm’s 50-day moving average is $169.77 and its two-hundred day moving average is $169.64. The company has a market cap of $370.97 billion, a P/E ratio of 27.16, a PEG ratio of 3.70 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, research analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.