Advisor OS LLC Increases Stake in The Procter & Gamble Company (NYSE:PG)

Advisor OS LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,050 shares of the company’s stock after buying an additional 1,214 shares during the quarter. Advisor OS LLC’s holdings in Procter & Gamble were worth $3,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble in the third quarter worth $33,000. Bay Harbor Wealth Management LLC grew its stake in shares of Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after buying an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $46,000. Costello Asset Management INC raised its position in shares of Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after buying an additional 300 shares in the last quarter. Finally, DecisionPoint Financial LLC lifted its holdings in shares of Procter & Gamble by 46.7% in the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $172.70 on Wednesday. The company has a market cap of $404.95 billion, a PE ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s 50 day moving average price is $166.07 and its 200-day moving average price is $169.46.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share. Sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.33%. Procter & Gamble’s dividend payout ratio (DPR) is 64.01%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays increased their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.42.

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 and Home Care, and Baby, Feminine and 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.