AE Wealth Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,994 shares of the company’s stock after purchasing an additional 2,243 shares during the period. AE Wealth Management LLC’s holdings in Procter & Gamble were worth $54,258,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. EWG Elevate Inc. acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new position in shares of Procter & Gamble in the third quarter worth about $30,000. Bourgeon Capital Management LLC boosted its holdings in shares of Procter & Gamble by 39.9% in the fourth 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 boosted its holdings in shares of Procter & Gamble by 487.2% in the fourth 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 boosted 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 worth $49,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 62.13% of the company’s stock.
Insider Activity
In other news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Susan Street Whaley sold 709 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $97,374.06. Following the transaction, the insider now owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of Procter & Gamble 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 transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $656,511 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Procter & Gamble Price Performance
NYSE PG opened at $151.00 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $356.23 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.41. The company has a 50 day moving average price of $143.01 and a two-hundred day moving average price of $142.19. The Procter & Gamble Company has a 12-month low of $122.18 and a 12-month high of $164.90.
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 firm 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 company’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 5.84 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The company also recently declared 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 is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.04%.
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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