9,237 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,237 shares of the company's stock, valued at approximately $1,548,000. Procter & Gamble accounts for approximately 1.2% of BankPlus Wealth Management LLC's investment portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. International Assets Investment Management LLC lifted its position in shares of Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company's stock worth $639,730,000 after buying an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC grew its stake in Procter & Gamble by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares during the period. Franklin Resources Inc. raised its stake in shares of Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock worth $3,290,573,000 after purchasing an additional 1,760,214 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $301,950,000. Finally, AMF Tjanstepension AB grew its position in Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock valued at $315,016,000 after buying an additional 1,466,115 shares during the period. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley increased their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. UBS Group cut their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.53.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm'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 transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the 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 directly owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. 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 ninety days. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

PG stock traded up $1.20 during midday trading on Thursday, reaching $167.43. 4,132,297 shares of the company's stock traded hands, compared to its average volume of 7,479,630. The stock has a market cap of $394.31 billion, a P/E ratio of 26.66, a PEG ratio of 3.69 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The stock's 50-day moving average is $168.65 and its 200 day moving average is $169.39. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. The firm 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 32.88% and a net margin of 18.35%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.84 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Friday, January 24th. Procter & Gamble's payout ratio is 64.17%.

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.