The Procter & Gamble Company (NYSE:PG) Shares Acquired by PBMares Wealth Management LLC

PBMares Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,444 shares of the company’s stock after acquiring an additional 92 shares during the period. PBMares Wealth Management LLC’s holdings in Procter & Gamble were worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter worth $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $46,000. Costello Asset Management INC increased its stake in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares in the last quarter. Mendota Financial Group LLC raised its holdings in Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after buying an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after buying an additional 233 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their price objective 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 analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $180.53.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by insiders.

Procter & Gamble Trading Down 0.9 %

Shares of NYSE:PG opened at $165.98 on Monday. 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 stock has a market capitalization of $389.20 billion, a PE ratio of 26.43, a P/E/G ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm has a fifty day moving average price of $168.34 and a 200 day moving average price of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Procter & Gamble Company Profile

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.