M.E. Allison & CO. Inc. Buys New Shares in The Procter & Gamble Company (NYSE:PG)

M.E. Allison & CO. Inc. acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,146 shares of the company's stock, valued at approximately $1,533,000. Procter & Gamble comprises 1.7% of M.E. Allison & CO. Inc.'s holdings, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble during the second quarter worth $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble during the third quarter valued at $33,000. Costello Asset Management INC boosted its stake in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after purchasing an additional 300 shares during the period. William B. Walkup & Associates Inc. purchased a new stake in shares of Procter & Gamble during the second quarter valued at $58,000. Finally, Mendota Financial Group LLC boosted its stake in shares of Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after purchasing an additional 138 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 39,977 shares of the company's stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares of the company's stock, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,447 shares of company stock valued at $12,978,820. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.64 during midday trading on Tuesday, hitting $161.77. The stock had a trading volume of 13,904,402 shares, compared to its average volume of 7,422,382. The company has a market capitalization of $380.96 billion, a PE ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45. The stock has a 50 day simple moving average of $169.09 and a 200-day simple moving average of $169.44. The Procter & Gamble Company has a 1 year low of $146.28 and a 1 year high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. On average, sell-side analysts expect that The Procter & Gamble Company will post 6.92 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble's dividend payout ratio is presently 69.48%.

Analysts Set New Price Targets

Several analysts recently weighed in on PG shares. Hsbc Global Res upgraded Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Barclays decreased their price objective on Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating for the company in a report on Friday. Wells Fargo & Company decreased their price objective on Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. DA Davidson restated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Finally, Stifel Nicolaus reduced their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a "hold" rating for the company in a report on Friday. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $179.65.

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.