Peak Asset Management LLC decreased its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,065 shares of the company’s stock after selling 310 shares during the quarter. Procter & Gamble comprises approximately 1.0% of Peak Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Peak Asset Management LLC’s holdings in Procter & Gamble were worth $3,647,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. EWG Elevate Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $30,000. Bourgeon Capital Management LLC raised its holdings in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after buying an additional 71 shares during the period. Paragon Wealth Strategies LLC raised its holdings in Procter & Gamble by 487.2% during the 4th quarter. Paragon Wealth Strategies LLC now owns 276 shares of the company’s stock worth $42,000 after buying an additional 229 shares during the period. Finally, Belmont Capital LLC raised its holdings in shares of Procter & Gamble by 40.0% in the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 62.13% of the company’s stock.
Insiders Place Their Bets
In other news, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the sale, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jon R. Moeller sold 2,151 shares of the business’s 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 of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 709 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $656,511 over the last ninety days. 0.26% of the stock is currently owned by company insiders.
Procter & Gamble Trading Up 0.5 %
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The firm had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 21st will be given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.48%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date is Thursday, April 20th. Procter & Gamble’s payout ratio is 64.04%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Procter & Gamble from $156.00 to $160.00 in a report on Monday. Citigroup assumed coverage on shares of Procter & Gamble in a report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Raymond James lifted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Finally, Stifel Nicolaus lifted their price objective on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. 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, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $156.00.
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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