Potentia Wealth Buys Shares of 3,381 The Procter & Gamble Company (NYSE:PG)

Potentia Wealth purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,381 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. PKS Advisory Services LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $294,000. Syverson Strege & Co raised its stake in shares of Procter & Gamble by 19.5% during the 4th quarter. Syverson Strege & Co now owns 1,688 shares of the company’s stock worth $283,000 after purchasing an additional 276 shares during the period. Heritage Wealth Management Inc. CA boosted its stake in Procter & Gamble by 148.0% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 1,602 shares of the company’s stock valued at $269,000 after acquiring an additional 956 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in Procter & Gamble by 40.9% during the fourth quarter. Zions Bancorporation N.A. now owns 7,006 shares of the company’s stock valued at $1,175,000 after purchasing an additional 2,035 shares during the period. Finally, TIAA Trust National Association grew its stake in shares of Procter & Gamble by 1.5% during the 4th quarter. TIAA Trust National Association now owns 331,846 shares of the company’s stock worth $55,634,000 after acquiring an additional 4,889 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PG. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays upped their price target 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. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $181.47.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,450 shares of company stock valued at $23,988,008. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 0.6 %

NYSE:PG opened at $165.73 on Tuesday. The company’s 50-day simple moving average is $168.11 and its 200-day simple moving average is $169.58. The stock has a market capitalization of $388.61 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.43%. Procter & Gamble’s payout ratio is 64.01%.

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.