1,588 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Landing Point Financial Group LLC

Landing Point Financial Group LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,588 shares of the company's stock, valued at approximately $269,000.

A number of other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC lifted its stake in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Hoey Investments Inc. boosted its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Procter & Gamble in the 4th quarter worth about $34,000. Atlantic Private Wealth LLC boosted its stake in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock valued at $35,000 after purchasing an additional 101 shares in the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $38,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. UBS Group reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Tuesday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $181.50.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction that occurred 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 trade represents a 61.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 4.0 %

Shares of NYSE PG traded down $6.69 during mid-day trading on Thursday, reaching $159.04. 10,490,228 shares of the company's stock traded hands, compared to its average volume of 8,162,830. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market cap of $372.92 billion, a P/E ratio of 25.32, a PEG ratio of 3.76 and a beta of 0.43. The business has a 50-day simple moving average of $168.31 and a 200 day simple moving average of $168.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.03). Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. On average, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.66%. Procter & Gamble's dividend payout ratio (DPR) is 67.20%.

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.