Savvy Advisors Inc. Grows Position in The Procter & Gamble Company (NYSE:PG)

Savvy Advisors Inc. boosted its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,799 shares of the company's stock after purchasing an additional 13,621 shares during the period. Procter & Gamble makes up approximately 1.5% of Savvy Advisors Inc.'s portfolio, making the stock its 10th biggest holding. Savvy Advisors Inc.'s holdings in Procter & Gamble were worth $12,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. Berkshire Asset Management LLC PA grew its holdings in Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after acquiring an additional 2,179 shares in the last quarter. Strategic Advisors LLC grew its stake in Procter & Gamble by 3.4% in the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock worth $9,374,000 after purchasing an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new stake in Procter & Gamble in the third quarter valued at about $668,000. Fortem Financial Group LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $569,000. Finally, Richard C. Young & CO. LTD. lifted its holdings in Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after buying an additional 2,568 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

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 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 owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PG shares. Erste Group Bank upgraded Procter & Gamble from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus raised their price target 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. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $181.50.

Procter & Gamble Stock Down 1.3 %

Procter & Gamble stock traded down $2.15 during midday trading on Wednesday, reaching $166.32. The stock had a trading volume of 5,897,472 shares, compared to its average volume of 7,058,093. The company has a fifty day moving average price of $168.34 and a two-hundred day moving average price of $168.56. The company has a market capitalization of $390.00 billion, a P/E ratio of 26.48, a PEG ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. 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 released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the previous year, the business earned $1.84 EPS. The company's quarterly revenue 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 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.54%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. Procter & Gamble's dividend payout ratio is 67.20%.

About Procter & Gamble

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.