Bay Capital Advisors LLC Acquires New Shares in The Procter & Gamble Company (NYSE:PG)

Bay Capital Advisors LLC bought a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,766 shares of the company's stock, valued at approximately $464,000.

Several other large investors also recently made changes to their positions in PG. Potentia Wealth acquired a new position in Procter & Gamble during the 4th quarter worth $567,000. PKS Advisory Services LLC acquired a new stake in Procter & Gamble in the fourth quarter worth about $294,000. Syverson Strege & Co grew its position in Procter & Gamble by 19.5% in the 4th quarter. Syverson Strege & Co now owns 1,688 shares of the company's stock valued at $283,000 after buying an additional 276 shares in the last quarter. Heritage Wealth Management Inc. CA increased its stake in Procter & Gamble by 148.0% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 1,602 shares of the company's stock valued at $269,000 after buying an additional 956 shares during the period. Finally, Zions Bancorporation N.A. raised its position in shares of Procter & Gamble by 40.9% during the 4th quarter. Zions Bancorporation N.A. now owns 7,006 shares of the company's stock worth $1,175,000 after buying an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

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

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Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wells Fargo & Company increased their price target on 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 reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. DA Davidson restated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Barclays lifted 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. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $181.47.

Procter & Gamble Trading Down 1.7 %

Shares of NYSE:PG traded down $2.75 during mid-day trading on Tuesday, hitting $162.90. The stock had a trading volume of 8,365,995 shares, compared to its average volume of 6,474,168. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month 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 market cap of $381.98 billion, a PE ratio of 25.94, a P/E/G ratio of 3.76 and a beta of 0.41. The company's 50 day moving average is $168.17 and its 200-day moving average is $169.49.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $21.66 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The company's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. Procter & Gamble's dividend payout ratio is 64.01%.

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.