Wells Trecaso Financial Group LLC Has $10.05 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Wells Trecaso Financial Group LLC reduced its stake in The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,938 shares of the company’s stock after selling 92 shares during the period. Procter & Gamble accounts for 3.3% of Wells Trecaso Financial Group LLC’s holdings, making the stock its 8th biggest holding. Wells Trecaso Financial Group LLC’s holdings in Procter & Gamble were worth $10,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Cornerstone Wealth Management LLC increased its holdings in Procter & Gamble by 1.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 100,785 shares of the company’s stock worth $16,897,000 after purchasing an additional 1,226 shares during the period. Johnson Bixby & Associates LLC grew its position in shares of Procter & Gamble by 2.8% during the 4th quarter. Johnson Bixby & Associates LLC now owns 3,724 shares of the company’s stock worth $624,000 after buying an additional 100 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Montecito Bank & Trust raised its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. Montecito Bank & Trust now owns 31,496 shares of the company’s stock valued at $5,280,000 after acquiring an additional 220 shares in the last quarter. Finally, FCG Investment Co lifted its stake in Procter & Gamble by 7.2% in the fourth quarter. FCG Investment Co now owns 7,418 shares of the company’s stock worth $1,244,000 after acquiring an additional 499 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Stock Down 1.0 %

Procter & Gamble stock opened at $164.41 on Friday. The business’s 50-day simple moving average is $168.85 and its two-hundred day simple moving average is $169.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market cap of $387.20 billion, a PE ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $152.06 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. Equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s payout ratio is 64.17%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble 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.