Journey Strategic Wealth LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

Journey Strategic Wealth LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,754 shares of the company's stock after buying an additional 5,158 shares during the period. Journey Strategic Wealth LLC's holdings in Procter & Gamble were worth $3,144,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PG. AMF Tjanstepension AB raised its stake in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Czech National Bank increased its stake in Procter & Gamble by 6.6% in the 3rd quarter. Czech National Bank now owns 479,545 shares of the company's stock valued at $83,057,000 after buying an additional 29,799 shares during the period. GAMMA Investing LLC raised its position in Procter & Gamble by 32.3% during the 3rd quarter. GAMMA Investing LLC now owns 35,455 shares of the company's stock worth $6,141,000 after buying an additional 8,652 shares during the last quarter. WealthBridge Capital Management LLC lifted its stake in shares of Procter & Gamble by 5.5% in the 3rd quarter. WealthBridge Capital Management LLC now owns 8,821 shares of the company's stock worth $1,528,000 after acquiring an additional 460 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of Procter & Gamble by 0.9% in the third quarter. Azzad Asset Management Inc. ADV now owns 54,693 shares of the company's stock valued at $9,473,000 after acquiring an additional 492 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.8 %

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 Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a market cap of $396.05 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45. The firm's fifty day moving average is $168.34 and its two-hundred day moving average is $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 64.17%.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. 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 research report on Thursday, January 23rd. Evercore ISI raised their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a report on Thursday, January 23rd. Finally, UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $180.53.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business'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 in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by insiders.

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.