BLB&B Advisors LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,968 shares of the company’s stock after purchasing an additional 1,031 shares during the quarter. Procter & Gamble accounts for 1.5% of BLB&B Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. BLB&B Advisors LLC’s holdings in Procter & Gamble were worth $19,243,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. EWG Elevate Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter worth $26,000. Legend Financial Advisors Inc. acquired a new position in shares of Procter & Gamble in the third quarter worth $30,000. Belmont Capital LLC increased its stake in shares of Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock worth $49,000 after acquiring an additional 110 shares during the last quarter. Align Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $50,000. Finally, Horizons Wealth Management acquired a new position in shares of Procter & Gamble in the second quarter worth $52,000. 62.13% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Procter & Gamble
In related news, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the sale, the chief executive officer now owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Susan Street Whaley sold 435 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the completion of the transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $295,418.34. Following the completion of the transaction, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,766 shares of company stock worth $656,511. Company insiders own 0.26% of the company’s stock.
Procter & Gamble Stock Up 2.0 %
Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same quarter last year, the company earned $1.66 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were paid a $0.9133 dividend. This represents a $3.65 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, January 19th. Procter & Gamble’s payout ratio is presently 64.04%.
Wall Street Analysts Forecast Growth
PG has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a research note on Friday, January 20th. UBS Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and increased their target price for the stock from $157.00 to $163.00 in a research report on Wednesday, March 1st. Barclays lowered their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Raymond James increased their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Finally, Citigroup initiated coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.27.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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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