MV Capital Management Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,540 shares of the company’s stock after purchasing an additional 139 shares during the period. MV Capital Management Inc.’s holdings in Procter & Gamble were worth $3,265,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ledyard National Bank grew its stake in Procter & Gamble by 1.2% during the 3rd quarter. Ledyard National Bank now owns 81,058 shares of the company’s stock valued at $10,233,000 after acquiring an additional 961 shares in the last quarter. Autumn Glory Partners LLC boosted its holdings in Procter & Gamble by 38.9% in the 3rd quarter. Autumn Glory Partners LLC now owns 10,954 shares of the company’s stock valued at $1,383,000 after purchasing an additional 3,070 shares during the last quarter. Private Wealth Partners LLC boosted its holdings in Procter & Gamble by 9.4% in the 3rd quarter. Private Wealth Partners LLC now owns 28,407 shares of the company’s stock valued at $3,586,000 after purchasing an additional 2,445 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its holdings in Procter & Gamble by 11.1% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after purchasing an additional 3,089 shares during the last quarter. Finally, Udine Wealth Management Inc. acquired a new position in Procter & Gamble in the 3rd quarter valued at about $752,000. Hedge funds and other institutional investors own 62.13% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Procter & Gamble from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating on the stock in a report on Friday, January 20th. StockNews.com assumed coverage on shares of Procter & Gamble in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the stock a “hold” rating in a report on Friday, January 20th. Finally, Raymond James upped their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.
Procter & Gamble Stock Performance
Procter & Gamble (NYSE:PG – Get Rating) last announced its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $20.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 earnings per share. As a group, research analysts predict that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Friday, April 21st will be given a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is currently 64.04%.
Insider Buying and Selling
In related news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Jon R. Moeller sold 2,151 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 435 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,766 shares of company stock valued at $656,511. Insiders own 0.26% of the company’s stock.
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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