Argentarii LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Argentarii LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,232 shares of the company's stock, valued at approximately $2,218,000. Procter & Gamble accounts for approximately 1.1% of Argentarii LLC's portfolio, making the stock its 21st biggest holding.

Other large investors have also modified their holdings of the company. Swedbank AB lifted its holdings in Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company's stock valued at $260,432,000 after acquiring an additional 56,583 shares during the period. Howard Capital Management Group LLC lifted its holdings in Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company's stock valued at $1,442,000 after acquiring an additional 82 shares during the period. Principal Financial Group Inc. lifted its holdings in Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company's stock valued at $820,031,000 after acquiring an additional 608,168 shares during the period. Summit Global Investments lifted its holdings in Procter & Gamble by 14.2% in the third quarter. Summit Global Investments now owns 6,706 shares of the company's stock valued at $1,161,000 after acquiring an additional 835 shares during the period. Finally, Hollencrest Capital Management lifted its holdings in Procter & Gamble by 7.0% in the third quarter. Hollencrest Capital Management now owns 6,541 shares of the company's stock valued at $1,133,000 after acquiring an additional 427 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm'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 sale, the insider now owns 172,814 shares of the company's stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,450 shares of company stock valued at $23,988,008. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 1.8 %

PG traded down $3.19 on Tuesday, reaching $173.07. 11,030,875 shares of the company's stock were exchanged, compared to its average volume of 6,402,279. The company has a market cap of $405.83 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company's 50 day moving average is $167.14 and its 200-day moving average is $169.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) 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 return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the prior year, the business posted $1.84 EPS. The business's revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Friday, January 24th. Procter & Gamble's dividend payout ratio (DPR) is 64.01%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the company 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 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $181.11.

Procter & Gamble 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.