Matthew Goff Investment Advisor LLC Sells 151 Shares of The Procter & Gamble Company (NYSE:PG)

Matthew Goff Investment Advisor LLC lowered its stake in The Procter & Gamble Company (NYSE:PG) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,267 shares of the company’s stock after selling 151 shares during the period. Procter & Gamble makes up 1.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 23rd biggest holding. Matthew Goff Investment Advisor LLC’s holdings in Procter & Gamble were worth $6,918,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiera Capital Corp boosted its stake in Procter & Gamble by 1,135.1% in the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after buying an additional 19,013 shares in the last quarter. Comerica Bank lifted its holdings in shares of Procter & Gamble by 1.5% in the second quarter. Comerica Bank now owns 813,767 shares of the company’s stock worth $134,206,000 after acquiring an additional 11,692 shares during the last quarter. Peloton Wealth Strategists acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $234,000. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Procter & Gamble by 5.6% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,013 shares of the company’s stock valued at $497,000 after purchasing an additional 160 shares during the last quarter. Finally, Texas Capital Bancshares Inc TX increased its position in Procter & Gamble by 6.4% during the 2nd quarter. Texas Capital Bancshares Inc TX now owns 4,520 shares of the company’s stock worth $745,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 1.0 %

Shares of PG stock opened at $164.41 on Friday. The company has a market cap of $387.20 billion, a P/E ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $152.06 and a fifty-two week high of $180.43. The stock has a 50 day simple moving average of $168.85 and a two-hundred day simple moving average of $169.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same quarter in the previous year, the company earned $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Wall Street Analyst Weigh In

PG has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday. Morgan Stanley upped their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.