True Link Financial Advisors LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

True Link Financial Advisors LLC acquired a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,660 shares of the company's stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble in the 2nd quarter worth $28,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble in the third quarter worth about $33,000. Costello Asset Management INC lifted its position in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after buying an additional 300 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in Procter & Gamble during the second quarter valued at approximately $58,000. Finally, Mendota Financial Group LLC grew its holdings in Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after buying an additional 138 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares of the company's stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company's stock in a transaction 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 in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,447 shares of company stock worth $12,978,820 over the last 90 days. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

PG has been the subject of a number of research reports. Stifel Nicolaus lowered their target price on Procter & Gamble from $167.00 to $161.00 and set a "hold" rating for the company in a research report on Friday. DA Davidson reiterated a "buy" rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Barclays dropped their target price on Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating for the company in a report on Friday. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $179.65.

Procter & Gamble Stock Up 0.4 %

Shares of PG stock traded up $0.64 during mid-day trading on Tuesday, hitting $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 current ratio of 0.75 and a quick ratio of 0.55. The firm's 50-day moving average is $169.09 and its two-hundred day moving average is $169.44. The firm has a market capitalization of $380.96 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $1.93 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 business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same quarter last year, the firm posted $1.83 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

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.