Relyea Zuckerberg Hanson LLC Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Relyea Zuckerberg Hanson LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 181.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,094 shares of the company's stock after acquiring an additional 16,809 shares during the period. Procter & Gamble comprises 0.7% of Relyea Zuckerberg Hanson LLC's holdings, making the stock its 23rd largest holding. Relyea Zuckerberg Hanson LLC's holdings in Procter & Gamble were worth $3,824,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PG. State Street Corp increased its position in shares of Procter & Gamble by 0.8% during the second quarter. State Street Corp now owns 103,104,467 shares of the company's stock worth $15,645,072,000 after buying an additional 817,674 shares during the period. Geode Capital Management LLC grew its holdings in Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company's stock worth $6,936,343,000 after purchasing an additional 510,559 shares during the period. Morgan Stanley grew its holdings in Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company's stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company's stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Procter & Gamble by 9.4% in the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company's stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the period. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PG shares. UBS Group lifted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a "buy" rating in a report on Wednesday, January 24th. Barclays raised their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Finally, Raymond James raised their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $168.41.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $0.36 during midday trading on Friday, hitting $162.25. The company's stock had a trading volume of 7,191,571 shares, compared to its average volume of 5,833,763. The stock has a fifty day moving average price of $158.70 and a 200 day moving average price of $152.23. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $381.78 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 3.32 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.32%. Procter & Gamble's dividend payout ratio is currently 62.98%.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company's stock, valued at $149,160.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company's stock, valued at approximately $149,160.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company's stock, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company's stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.