Partnership Wealth Management LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,611 shares of the company's stock, valued at approximately $1,039,000.
Several other hedge funds also recently modified their holdings of the company. Demars Financial Group LLC increased its stake in Procter & Gamble by 4.4% in the fourth quarter. Demars Financial Group LLC now owns 1,497 shares of the company's stock valued at $219,000 after purchasing an additional 63 shares in the last quarter. Emerald Advisors LLC increased its position in shares of Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company's stock valued at $553,000 after buying an additional 65 shares in the last quarter. O Brien Wealth Partners LLC raised its stake in Procter & Gamble by 3.3% during the 4th quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company's stock worth $302,000 after buying an additional 65 shares during the period. Mechanics Financial Corp lifted its holdings in Procter & Gamble by 0.4% during the fourth quarter. Mechanics Financial Corp now owns 16,184 shares of the company's stock worth $2,372,000 after acquiring an additional 65 shares in the last quarter. Finally, LWM Advisory Services LLC grew its stake in Procter & Gamble by 2.1% in the fourth quarter. LWM Advisory Services LLC now owns 3,143 shares of the company's stock valued at $461,000 after acquiring an additional 66 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PG. Jefferies Financial Group lifted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a "buy" rating in a report on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their price objective 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. UBS Group upped their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Wednesday, January 24th. Finally, Barclays increased their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.76.
View Our Latest Research Report on PG
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock traded up $0.81 during trading on Friday, reaching $166.85. The company's stock had a trading volume of 4,879,427 shares, compared to its average volume of 6,718,283. The business's 50-day moving average price is $160.63 and its 200-day moving average price is $154.81. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $167.36. The firm has a market cap of $393.79 billion, a PE ratio of 27.26, a P/E/G ratio of 3.39 and a beta of 0.43. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion during the quarter, compared to analysts' expectations of $20.43 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's payout ratio is 65.85%.
Insider Buying and Selling
In related news, COO Shailesh Jejurikar sold 31,859 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now owns 9,739 shares in the company, valued at approximately $1,605,961.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares of the company's stock, valued at $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 31,859 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the sale, the chief operating officer now directly owns 9,739 shares in the company, valued at $1,605,961.10. The disclosure for this sale can be found here. Insiders sold 140,112 shares of company stock valued at $22,841,321 over the last quarter. 0.17% of the stock is owned by company insiders.
Procter & Gamble Company Profile
(
Free Report)
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.
See Also
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