LBA Wealth Management LLC increased its position in shares of Procter & Gamble Co (NYSE:PG) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,262 shares of the company’s stock after buying an additional 110 shares during the period. LBA Wealth Management LLC’s holdings in Procter & Gamble Co were worth $779,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank raised its stake in Procter & Gamble Co by 225.8% in the third quarter. American National Bank now owns 1,137 shares of the company’s stock worth $102,000 after buying an additional 788 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in Procter & Gamble Co during the fourth quarter worth $147,000. JJJ Advisors Inc. acquired a new stake in Procter & Gamble Co during the fourth quarter worth $149,000. Riverpoint Wealth Management Holdings LLC purchased a new stake in Procter & Gamble Co during the fourth quarter valued at approximately $211,000. Finally, New Capital Management LP purchased a new stake in Procter & Gamble Co during the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 68.33% of the company’s stock.
Shares of Procter & Gamble Co (NYSE:PG) traded down 0.65% on Friday, hitting $88.75. 6,532,585 shares of the company were exchanged. Procter & Gamble Co has a 52-week low of $79.10 and a 52-week high of $92.00. The company has a 50-day moving average price of $90.41 and a 200 day moving average price of $87.21. The firm has a market cap of $226.89 billion, a P/E ratio of 16.26 and a beta of 0.64.
Procter & Gamble Co (NYSE:PG) last announced its quarterly earnings data on Friday, January 20th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. Procter & Gamble Co had a return on equity of 18.58% and a net margin of 23.44%. The firm earned $16.86 billion during the quarter, compared to analyst estimates of $16.80 billion. During the same period last year, the company posted $1.04 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts predict that Procter & Gamble Co will post $3.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a dividend of $0.6896 per share. The ex-dividend date is Wednesday, April 19th. This is a positive change from Procter & Gamble Co’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 3.09%. Procter & Gamble Co’s dividend payout ratio (DPR) is presently 48.73%.
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PG has been the topic of several analyst reports. Jefferies Group LLC restated a “buy” rating and set a $101.00 price target on shares of Procter & Gamble Co in a research report on Thursday, March 16th. Royal Bank of Canada set a $76.00 price target on shares of Procter & Gamble Co and gave the company a “hold” rating in a research report on Monday, January 2nd. Citigroup Inc increased their price objective on shares of Procter & Gamble Co from $100.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, January 24th. Zacks Investment Research downgraded shares of Procter & Gamble Co from a “hold” rating to a “sell” rating in a report on Thursday, March 23rd. Finally, Vetr downgraded shares of Procter & Gamble Co from a “hold” rating to a “sell” rating and set a $87.23 price objective on the stock. in a report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Procter & Gamble Co presently has a consensus rating of “Hold” and a consensus price target of $91.19.
In other news, insider Mohamed Samir Abde Abdelfattah sold 1,876 shares of Procter & Gamble Co stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $91.25, for a total transaction of $171,185.00. Following the completion of the sale, the insider now directly owns 30,952 shares in the company, valued at approximately $2,824,370. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles E. Pierce sold 55,909 shares of Procter & Gamble Co stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $91.70, for a total value of $5,126,855.30. The disclosure for this sale can be found here. Insiders have sold a total of 401,936 shares of company stock valued at $35,928,133 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
About Procter & Gamble Co
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.
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