Cornerstone Financial Group LLC NE Makes New $276,000 Investment in The Procter & Gamble Company (NYSE:PG)

Cornerstone Financial Group LLC NE bought a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,647 shares of the company's stock, valued at approximately $276,000.

Other hedge funds have also modified their holdings of the company. NewSquare Capital LLC increased its position in shares of 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 acquiring an additional 140 shares during the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $31,000. Hoey Investments Inc. increased its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Atlantic Private Wealth LLC boosted 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 valued at $35,000 after buying an additional 101 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $159.27 on Wednesday. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $373.41 billion, a PE ratio of 25.36, a P/E/G ratio of 3.76 and a beta of 0.41. The stock has a 50 day simple moving average of $166.86 and a 200-day simple moving average of $167.79.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,520 shares of company stock valued at $10,999,268. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup reduced their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. DA Davidson reiterated a "buy" rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Bank of America cut their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

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.

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