Yarger Wealth Strategies LLC Has $353,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Yarger Wealth Strategies LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,105 shares of the company’s stock after acquiring an additional 469 shares during the period. Yarger Wealth Strategies LLC’s holdings in Procter & Gamble were worth $353,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in Procter & Gamble in the 2nd quarter valued at $28,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble in the third quarter valued at about $33,000. Quest Partners LLC bought a new stake in Procter & Gamble during the second quarter worth about $36,000. Costello Asset Management INC grew its stake in Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new position in Procter & Gamble in the 2nd quarter valued at about $58,000. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares in the company, valued at $1,954,538.34. The trade was a 52.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock valued at $13,317,460 over the last quarter. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

Shares of PG stock opened at $161.35 on Friday. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The stock has a 50-day moving average of $169.32 and a 200-day moving average of $169.39.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PG. Stifel Nicolaus reduced their price target on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Monday, October 21st. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Finally, Morgan Stanley boosted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

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.