Focus Partners Wealth Has $292.53 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Focus Partners Wealth increased its stake in Procter & Gamble by 3.7% to 1,903,949 shares valued at about $292.53 million, representing roughly 0.08% of the company at the end of the quarter.
• Company insiders have been net sellers — Chairman Jon R. Moeller sold 162,232 shares ($26.35M) and Marc S. Pritchard sold 95,903 shares ($14.50M), with insiders offloading 348,618 shares worth $55.46M over the past 90 days.
• Analysts rate P&G a Moderate Buy with an average price target of $168.33, while the stock trades near $150.57 and yields about 2.8% from an annualized $4.23 dividend.

Focus Partners Wealth boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,903,949 shares of the company's stock after buying an additional 68,078 shares during the quarter. Focus Partners Wealth owned approximately 0.08% of Procter & Gamble worth $292,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $25,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble in the third quarter worth $32,000. Caitlin John LLC bought a new stake in shares of Procter & Gamble in the third quarter worth $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble in the third quarter valued at $37,000. Finally, Redmont Wealth Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter worth $40,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $176.00 to $171.00 and set a "buy" rating for the company in a research report on Monday, December 8th. TD Cowen lowered Procter & Gamble from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $150.00 to $156.00 in a research note on Tuesday, January 27th. JPMorgan Chase & Co. upgraded Procter & Gamble from a "neutral" rating to an "overweight" rating and upped their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Rothschild & Co Redburn raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.33.

Insider Activity at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 348,618 shares of company stock worth $55,462,643 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.0%

Shares of Procter & Gamble stock opened at $150.57 on Monday. The stock's 50-day moving average is $153.32 and its 200 day moving average is $150.96. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The firm has a market cap of $349.91 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 5.04 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's payout ratio is currently 62.67%.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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