PFG Investments LLC Acquires 2,304 Shares of The Procter & Gamble Company (NYSE:PG)

PFG Investments LLC raised its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,762 shares of the company's stock after buying an additional 2,304 shares during the quarter. PFG Investments LLC's holdings in Procter & Gamble were worth $8,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company's stock worth $16,300,000 after purchasing an additional 4,035 shares during the period. Copley Financial Group Inc. acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $668,000. Fortem Financial Group LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $569,000. Nordea Investment Management AB lifted its position in Procter & Gamble by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company's stock valued at $484,583,000 after buying an additional 201,695 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in Procter & Gamble by 3.4% during the third quarter. Synovus Financial Corp now owns 185,134 shares of the company's stock worth $32,065,000 after buying an additional 6,077 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded down $3.31 during mid-day trading on Tuesday, hitting $166.35. The company's stock had a trading volume of 6,715,783 shares, compared to its average volume of 7,831,546. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a 50-day moving average price of $168.83 and a 200 day moving average price of $169.42. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The stock has a market capitalization of $390.07 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble's payout ratio is currently 64.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PG shares. Morgan Stanley raised their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Barclays raised their price target 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. Stifel Nicolaus boosted their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company's stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 over the last quarter. Company insiders own 0.18% of the company's stock.

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.