Beaumont Financial Advisors LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,832 shares of the company’s stock, valued at approximately $3,006,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Newbridge Financial Services Group Inc. increased its holdings in Procter & Gamble by 1.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock valued at $580,000 after buying an additional 69 shares during the period. Calton & Associates Inc. increased its holdings in Procter & Gamble by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $536,000 after buying an additional 71 shares during the period. Bourgeon Capital Management LLC boosted its stake in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its stake in Procter & Gamble by 0.3% in the first quarter. Wescott Financial Advisory Group LLC now owns 22,385 shares of the company’s stock valued at $3,420,000 after acquiring an additional 72 shares in the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in Procter & Gamble by 1.6% in the third quarter. E Fund Management Co. Ltd. now owns 4,839 shares of the company’s stock valued at $611,000 after acquiring an additional 75 shares in the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Barclays lowered their target price on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Friday, January 20th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $150.00 to $155.00 in a research note on Friday, March 3rd. Finally, Raymond James raised their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.27.
Procter & Gamble Trading Up 0.6 %
Procter & Gamble (NYSE:PG – Get Rating) last posted its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $20.77 billion during 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 firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. Research analysts forecast that The Procter & Gamble Company will post 5.84 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm 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. The ex-dividend date was Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is presently 64.04%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of Procter & Gamble 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 435 shares of Procter & Gamble 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble stock in a transaction on Wednesday, March 1st. The shares were 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. Insiders sold 4,766 shares of company stock worth $656,511 over the last three months. Company insiders own 0.26% of the company’s stock.
Procter & Gamble Company 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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