Legacy Financial Group LLC Purchases Shares of 1,520 The Procter & Gamble Company (NYSE:PG)

Legacy Financial Group LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,520 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC increased its position in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after purchasing an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in Procter & Gamble during the 2nd quarter valued at about $58,000. Mendota Financial Group LLC boosted its position in Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after buying an additional 138 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after buying an additional 233 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 1.9 %

NYSE PG traded down $3.31 on Tuesday, reaching $166.35. The company had a trading volume of 6,715,783 shares, compared to its average volume of 7,831,546. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The stock's 50 day moving average is $168.83 and its 200-day moving average is $169.42. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock has a market cap of $390.07 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% 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. Procter & Gamble's revenue was up 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble's dividend payout ratio is 64.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a report on Thursday, January 23rd. Evercore ISI boosted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Morgan Stanley raised their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $180.53.

Insider Activity

In related news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the 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 transaction, the insider now owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 in the last quarter. Company insiders own 0.18% of the company's stock.

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.