1,193 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,193 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of Procter & Gamble by 5.3% in the 4th quarter. Global Retirement Partners LLC now owns 56,433 shares of the company’s stock worth $9,461,000 after purchasing an additional 2,859 shares during the last quarter. WestHill Financial Advisors Inc. increased its position in shares of Procter & Gamble by 3.3% in the 4th quarter. WestHill Financial Advisors Inc. now owns 3,272 shares of the company’s stock worth $549,000 after purchasing an additional 103 shares during the last quarter. Allied Investment Advisors LLC grew its position in shares of Procter & Gamble by 1.0% during the 4th quarter. Allied Investment Advisors LLC now owns 62,149 shares of the company’s stock valued at $10,419,000 after buying an additional 587 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $579,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $1,789,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PG. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Trading Up 1.5 %

Shares of NYSE:PG opened at $165.34 on Wednesday. The company has a 50 day moving average of $166.21 and a 200-day moving average of $169.46. The firm has a market cap of $387.70 billion, a P/E ratio of 26.33, a P/E/G ratio of 3.66 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’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 value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 over the last 90 days. 0.18% of the stock is owned by company insiders.

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.