Thrive Wealth Management LLC Buys 1,929 Shares of The Procter & Gamble Company (NYSE:PG)

Thrive Wealth Management LLC grew its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the company's stock after buying an additional 1,929 shares during the quarter. Procter & Gamble accounts for about 0.5% of Thrive Wealth Management LLC's portfolio, making the stock its 26th largest holding. Thrive Wealth Management LLC's holdings in Procter & Gamble were worth $2,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Wealth Management LLC raised its position in shares of Procter & Gamble by 48.7% in the 4th quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company's stock valued at $3,411,000 after buying an additional 7,045 shares in the last quarter. Smart Money Group LLC raised its position in shares of Procter & Gamble by 7.5% in the 4th quarter. Smart Money Group LLC now owns 5,288 shares of the company's stock valued at $886,000 after buying an additional 370 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Procter & Gamble by 5.3% in the 4th quarter. Annex Advisory Services LLC now owns 34,215 shares of the company's stock valued at $5,736,000 after buying an additional 1,712 shares in the last quarter. Cascade Investment Group Inc. grew its holdings in shares of Procter & Gamble by 5.8% during the 4th quarter. Cascade Investment Group Inc. now owns 3,037 shares of the company's stock valued at $509,000 after purchasing an additional 166 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Procter & Gamble by 2.8% during the 4th quarter. Grove Bank & Trust now owns 15,228 shares of the company's stock valued at $2,553,000 after purchasing an additional 416 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PG shares. UBS Group decreased their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Procter & Gamble from $167.00 to $161.00 and set a "hold" rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Hsbc Global Res raised shares of Procter & Gamble to a "strong-buy" rating in a report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $179.65.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE:PG traded up $0.64 during trading on Tuesday, reaching $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 debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The firm's fifty day moving average is $169.09 and its 200 day moving average is $169.44. The stock has a market cap of $380.96 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45.

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

Procter & Gamble Dividend Announcement

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction on 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 transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,447 shares of company stock worth $12,978,820 in 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.