The Procter & Gamble Company (NYSE:PG) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 48.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,509 shares of the company’s stock after purchasing an additional 7,045 shares during the period. Diversify Wealth Management LLC’s holdings in Procter & Gamble were worth $3,411,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its position in Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Procter & Gamble by 9.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after purchasing an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in Procter & Gamble by 36.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock valued at $2,352,000 after buying an additional 3,932 shares in the last quarter. Finally, Harmony Asset Management LLC grew its holdings in Procter & Gamble by 23.9% during the 2nd quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock valued at $396,000 after buying an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.5 %

NYSE:PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business has a 50 day simple moving average of $169.19 and a 200 day simple moving average of $169.46. The firm has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.99 billion. During the same quarter last year, the company earned $1.83 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,447 shares of company stock worth $12,978,820 in the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Friday. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Friday, December 27th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.65.

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.