Golden State Equity Partners Grows Stake in The Procter & Gamble Company (NYSE:PG)

Golden State Equity Partners boosted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,152 shares of the company's stock after buying an additional 2,703 shares during the quarter. Golden State Equity Partners' holdings in Procter & Gamble were worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PG. RPg Family Wealth Advisory LLC purchased a new stake in Procter & Gamble during the third quarter worth about $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $46,000. Costello Asset Management INC increased its stake in 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 buying an additional 300 shares during the period. Mendota Financial Group LLC lifted its holdings in Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock worth $63,000 after buying an additional 138 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Procter & Gamble by 138.7% in the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after acquiring an additional 233 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PG. 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. UBS Group decreased their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Evercore ISI boosted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. 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 report 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Procter & Gamble Stock Performance

NYSE PG traded up $2.91 on Monday, reaching $168.90. The stock had a trading volume of 8,668,582 shares, compared to its average volume of 7,440,821. 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 stock has a market cap of $396.05 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The business's 50-day moving average price is $168.34 and its 200 day moving average price is $169.41. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the firm posted $1.84 EPS. Procter & Gamble's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's dividend payout ratio is presently 64.17%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, 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. In the last ninety days, insiders sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is owned by company insiders.

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.