Foster Victor Wealth Advisors LLC Purchases 2,583 Shares of The Procter & Gamble Company (NYSE:PG)

Foster Victor Wealth Advisors LLC raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,721 shares of the company's stock after purchasing an additional 2,583 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Procter & Gamble were worth $7,206,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble during the third quarter valued at approximately $33,000. Costello Asset Management INC boosted its stake in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock valued at $54,000 after buying an additional 300 shares in the last quarter. Mendota Financial Group LLC grew its position in Procter & Gamble by 58.0% in the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after acquiring an additional 138 shares during the period. Itau Unibanco Holding S.A. raised its stake in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company's stock worth $69,000 after acquiring an additional 233 shares in the last quarter. Finally, Hara Capital LLC bought a new position in shares of Procter & Gamble during the third quarter valued at $70,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PG shares. DA Davidson reiterated a "buy" rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Hsbc Global Res raised Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Finally, Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an "equal weight" rating in a research report on Thursday, January 23rd. Eight research 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 company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $180.53.

Procter & Gamble Stock Performance

Shares of PG stock opened at $167.43 on Friday. The stock has a 50-day moving average of $168.54 and a 200-day moving average of $169.38. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $392.60 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. 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 posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the business posted $1.84 earnings per share. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.17%.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction that occurred on 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 directly owns 39,977 shares of the company's stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 in the last 90 days. Corporate 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.