Grant Private Wealth Management Inc Buys Shares of 3,043 The Procter & Gamble Company (NYSE:PG)

Grant Private Wealth Management Inc acquired a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,043 shares of the company's stock, valued at approximately $510,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors boosted its stake in shares of Procter & Gamble by 25.3% in the 4th quarter. World Investment Advisors now owns 48,027 shares of the company's stock worth $8,052,000 after buying an additional 9,693 shares during the last quarter. Westpac Banking Corp grew its stake in shares of Procter & Gamble by 7.2% during the 4th quarter. Westpac Banking Corp now owns 26,241 shares of the company's stock worth $4,399,000 after acquiring an additional 1,768 shares during the period. Nicolet Advisory Services LLC increased its holdings in Procter & Gamble by 14.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 130,303 shares of the company's stock worth $20,661,000 after acquiring an additional 16,808 shares during the last quarter. Disciplined Investors L.L.C. bought a new position in Procter & Gamble during the fourth quarter worth about $628,000. Finally, Nottingham Advisors Inc. increased its stake in shares of Procter & Gamble by 11.6% in the fourth quarter. Nottingham Advisors Inc. now owns 3,365 shares of the company's stock worth $564,000 after purchasing an additional 351 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PG shares. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Erste Group Bank upgraded shares of Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.00.

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Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of Procter & Gamble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $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 have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 1.6 %

Shares of NYSE PG traded up $2.67 during mid-day trading on Thursday, hitting $172.17. 9,389,328 shares of the stock traded hands, compared to its average volume of 6,909,108. The company has a market cap of $403.71 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.76 and a beta of 0.41. The stock has a fifty day moving average price of $169.19 and a 200-day moving average price of $169.29. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week 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.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its 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 net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. Research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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 dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.34%. Procter & Gamble's payout ratio is 64.01%.

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.