Meridian Wealth Advisors LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Meridian Wealth Advisors LLC boosted its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,317 shares of the company's stock after acquiring an additional 3,729 shares during the quarter. Meridian Wealth Advisors LLC's holdings in Procter & Gamble were worth $4,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Meridian Wealth Partners LLC lifted its holdings in shares of Procter & Gamble by 18.0% in the 4th quarter. Meridian Wealth Partners LLC now owns 4,564 shares of the company's stock valued at $765,000 after buying an additional 697 shares during the period. Stevens Capital Management LP purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $528,000. LPL Financial LLC grew its stake in shares of Procter & Gamble by 5.2% during the 4th quarter. LPL Financial LLC now owns 3,291,160 shares of the company's stock worth $551,763,000 after purchasing an additional 163,545 shares during the period. Banco de Sabadell S.A increased its holdings in shares of Procter & Gamble by 1.4% during the 4th quarter. Banco de Sabadell S.A now owns 13,079 shares of the company's stock valued at $2,194,000 after purchasing an additional 179 shares in the last quarter. Finally, Mosley Wealth Management lifted its stake in shares of Procter & Gamble by 7.7% in the 4th quarter. Mosley Wealth Management now owns 4,233 shares of the company's stock valued at $704,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently commented on PG shares. Wells Fargo & Company raised their price target 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. Royal Bank of Canada restated a "sector perform" rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. UBS Group restated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Erste Group Bank upgraded 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, twelve have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $181.47.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company's stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company's stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 1.6 %

PG traded down $2.68 during mid-day trading on Tuesday, hitting $162.97. 3,045,843 shares of the stock were exchanged, compared to its average volume of 7,710,716. The firm's fifty day moving average is $168.11 and its two-hundred day moving average is $169.58. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a market cap of $382.15 billion, a PE ratio of 25.96, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble's dividend payout ratio is currently 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.