44 Wealth Management LLC increased its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,465 shares of the company’s stock after buying an additional 2,964 shares during the period. Procter & Gamble comprises about 1.0% of 44 Wealth Management LLC’s holdings, making the stock its 28th largest position. 44 Wealth Management LLC’s holdings in Procter & Gamble were worth $2,799,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter worth $207,000. Vestmark Advisory Solutions Inc. increased its position in Procter & Gamble by 5.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 68,500 shares of the company’s stock worth $10,382,000 after purchasing an additional 3,371 shares in the last quarter. Avestar Capital LLC raised its stake in Procter & Gamble by 3.4% in the 4th quarter. Avestar Capital LLC now owns 34,549 shares of the company’s stock valued at $5,236,000 after purchasing an additional 1,132 shares during the last quarter. Truadvice LLC purchased a new position in Procter & Gamble in the 4th quarter valued at about $271,000. Finally, LeJeune Puetz Investment Counsel LLC raised its position in shares of Procter & Gamble by 1.1% in the fourth quarter. LeJeune Puetz Investment Counsel LLC now owns 27,547 shares of the company’s stock valued at $4,175,000 after buying an additional 300 shares during the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have commented on PG shares. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, January 20th. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday, January 20th. Raymond James boosted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Finally, Citigroup began coverage on Procter & Gamble in a research report on Thursday, February 16th. They set a “buy” rating and a $160.00 price target for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.27.
Insider Activity at Procter & Gamble
Procter & Gamble Trading Up 0.8 %
NYSE:PG opened at $148.69 on Friday. The stock’s 50-day moving average is $141.15 and its two-hundred day moving average is $141.15. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $164.90. The stock has a market cap of $350.78 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.10 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37.
Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. The firm had revenue of $20.77 billion for the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. As a group, equities research analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Friday, January 20th were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.04%.
Procter & Gamble Profile
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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