Monte Financial Group LLC bought a new stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,359 shares of the company’s stock, valued at approximately $206,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Canvas Wealth Advisors LLC lifted its stake in Procter & Gamble by 22.6% during the fourth quarter. Canvas Wealth Advisors LLC now owns 1,987 shares of the company’s stock valued at $291,000 after purchasing an additional 366 shares during the last quarter. Roman Butler Fullerton & Co. lifted its stake in Procter & Gamble by 0.8% during the fourth quarter. Roman Butler Fullerton & Co. now owns 24,252 shares of the company’s stock valued at $3,648,000 after purchasing an additional 191 shares during the last quarter. Aspiriant LLC lifted its stake in Procter & Gamble by 2.9% during the fourth quarter. Aspiriant LLC now owns 31,000 shares of the company’s stock valued at $4,698,000 after purchasing an additional 862 shares during the last quarter. Strategic Advisors LLC lifted its stake in Procter & Gamble by 8.7% during the fourth quarter. Strategic Advisors LLC now owns 60,086 shares of the company’s stock valued at $9,107,000 after purchasing an additional 4,833 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in Procter & Gamble by 6.4% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 3,468 shares of the company’s stock valued at $526,000 after purchasing an additional 208 shares during the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Procter & Gamble
In other news, insider Susan Street Whaley sold 435 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now owns 10,840 shares in the company, valued at approximately $1,537,328.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Susan Street Whaley sold 435 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total value of $61,691.70. Following the transaction, the insider now directly owns 10,840 shares in the company, valued at approximately $1,537,328.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the transaction, the chief financial officer now owns 35,142 shares in the company, valued at $4,826,402.28. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock worth $656,511 in the last 90 days. 0.26% of the stock is owned by insiders.
Procter & Gamble Stock Up 0.8 %
Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly 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. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion for the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the prior year, the business posted $1.66 EPS. Procter & Gamble’s quarterly revenue was down .9% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
Procter & Gamble Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.46%. Procter & Gamble’s dividend payout ratio (DPR) is 64.04%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PG. UBS Group upgraded shares of Procter & Gamble from a “neutral” rating to a “buy” rating and upped their price target for the company from $157.00 to $163.00 in a research report on Wednesday, March 1st. Barclays reduced their price target on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Citigroup began coverage on shares of Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $162.00 to $156.00 in a research report on Monday, March 20th. Finally, StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.27.
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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