Chapman Financial Group LLC Acquires Shares of 6,049 The Procter & Gamble Company (NYSE:PG)

Chapman Financial Group LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,049 shares of the company's stock, valued at approximately $1,014,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PG. NewSquare Capital LLC raised its holdings in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new position in Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. raised its position in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the 4th quarter worth $34,000. Finally, Atlantic Private Wealth LLC grew its stake in shares of Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,000 shares of company stock valued at $9,330,060. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on PG shares. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Stifel Nicolaus raised 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, January 23rd. Wells Fargo & Company upped their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Raymond James lowered their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $179.80.

Procter & Gamble Stock Up 0.4 %

PG opened at $160.59 on Monday. The stock has a market capitalization of $376.51 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business has a 50-day moving average of $167.36 and a two-hundred day moving average of $167.93.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.

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.

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