Ade LLC Has $787,000 Stake in The Procter & Gamble Company (NYSE:PG)

Ade LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,694 shares of the company’s stock after purchasing an additional 117 shares during the period. Ade LLC’s holdings in Procter & Gamble were worth $787,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Acorn Creek Capital LLC grew its stake in shares of Procter & Gamble by 2.8% in the third quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock worth $376,000 after acquiring an additional 59 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in Procter & Gamble by 1.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock valued at $963,000 after purchasing an additional 59 shares during the period. Traveka Wealth LLC grew its position in Procter & Gamble by 1.7% in the 3rd quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock worth $616,000 after purchasing an additional 60 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Procter & Gamble by 0.7% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company’s stock valued at $1,507,000 after buying an additional 61 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in shares of Procter & Gamble by 11.2% in the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after buying an additional 61 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.8 %

Shares of PG opened at $164.57 on Thursday. The business’s fifty day moving average price is $169.01 and its two-hundred day moving average price is $169.41. The firm has a market capitalization of $387.56 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $152.06 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last posted its quarterly 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. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter last year, the business earned $1.84 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

Several research firms have commented on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Friday, December 27th. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays lowered their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.