U.S. Capital Wealth Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,599 shares of the company's stock after buying an additional 3,479 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Procter & Gamble were worth $14,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB grew its position in Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company's stock worth $315,016,000 after acquiring an additional 1,466,115 shares in the last quarter. Czech National Bank boosted its holdings in shares of Procter & Gamble by 6.6% in the 3rd quarter. Czech National Bank now owns 479,545 shares of the company's stock worth $83,057,000 after purchasing an additional 29,799 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Procter & Gamble by 32.3% during the 3rd quarter. GAMMA Investing LLC now owns 35,455 shares of the company's stock valued at $6,141,000 after purchasing an additional 8,652 shares during the last quarter. WealthBridge Capital Management LLC raised its holdings in shares of Procter & Gamble by 5.5% during the 3rd quarter. WealthBridge Capital Management LLC now owns 8,821 shares of the company's stock valued at $1,528,000 after buying an additional 460 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in Procter & Gamble by 0.9% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 54,693 shares of the company's stock worth $9,473,000 after buying an additional 492 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on PG. Morgan Stanley lifted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Barclays lifted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 23rd. UBS Group cut their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.53.
View Our Latest Analysis on PG
Insider Activity at Procter & Gamble
In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble 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 trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is owned by corporate insiders.
Procter & Gamble Trading Up 1.8 %
Shares of PG traded up $2.91 during trading hours on Monday, reaching $168.90. 8,668,582 shares of the company traded hands, compared to its average volume of 7,440,821. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company's fifty day moving average price is $168.34 and its two-hundred day moving average price is $169.41. The company has a market capitalization of $396.05 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45.
Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble's dividend payout ratio is presently 64.17%.
Procter & Gamble Company Profile
(
Free Report)
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.
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