Cassaday & Co Wealth Management LLC Has $3.08 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Cassaday & Co Wealth Management LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,347 shares of the company’s stock after acquiring an additional 322 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Procter & Gamble were worth $3,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Grove Street Fiduciary LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $242,000. Compass Capital Corp MA ADV acquired a new position in Procter & Gamble in the fourth quarter valued at about $1,373,000. Cordatus Wealth Management LLC increased its position in shares of Procter & Gamble by 3.8% during the fourth quarter. Cordatus Wealth Management LLC now owns 26,840 shares of the company’s stock worth $4,499,000 after acquiring an additional 976 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $395,000. Finally, Legacy Capital Group California Inc. grew its position in Procter & Gamble by 6.1% in the fourth quarter. Legacy Capital Group California Inc. now owns 1,503 shares of the company’s stock valued at $252,000 after purchasing an additional 86 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Up 0.5 %

Shares of Procter & Gamble stock opened at $167.26 on Friday. The company has a market capitalization of $392.21 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.74 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two 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 0.76. The company has a fifty day moving average of $166.05 and a 200 day moving average of $169.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during 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%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.84 earnings per share. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.17%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

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.