Lighthouse Financial Advisors Inc. Makes New Investment in Procter & Gamble Co (NYSE:PG)
Lighthouse Financial Advisors Inc. bought a new position in shares of Procter & Gamble Co (NYSE:PG) during the 4th quarter, HoldingsChannel reports. The fund bought 359 shares of the company’s stock, valued at approximately $44,000.
Other institutional investors also recently modified their holdings of the company. Belmont Capital LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $34,000. Selective Wealth Management Inc. acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $35,000. Wealthcare Capital Management LLC increased its holdings in shares of Procter & Gamble by 126.0% during the 4th quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock worth $42,000 after buying an additional 189 shares during the last quarter. Pacifica Partners Inc. purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $44,000. Finally, Barnett & Company Inc. raised its position in shares of Procter & Gamble by 626.9% during the 4th quarter. Barnett & Company Inc. now owns 378 shares of the company’s stock valued at $47,000 after buying an additional 326 shares during the period. Institutional investors and hedge funds own 63.36% of the company’s stock.
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup lifted their target price on Procter & Gamble from $138.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, January 24th. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a research report on Tuesday, October 22nd. Macquarie upped their price target on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley reiterated a “buy” rating and set a $134.00 price target on shares of Procter & Gamble in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $124.86.
Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, January 23rd. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.37 by $0.05. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The business had revenue of $18.24 billion during the quarter, compared to analyst estimates of $18.37 billion. During the same period last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts anticipate that Procter & Gamble Co will post 4.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $0.7459 per share. This represents a $2.98 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s payout ratio is 65.93%.
In related news, CEO Ma. Fatima Francisco sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $122.00, for a total transaction of $210,938.00. Following the sale, the chief executive officer now directly owns 6,856 shares of the company’s stock, valued at approximately $836,432. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carolyn M. Tastad sold 37,385 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $126.28, for a total transaction of $4,720,977.80. Following the sale, the insider now directly owns 60,191 shares in the company, valued at $7,600,919.48. The disclosure for this sale can be found here. Insiders have sold a total of 100,411 shares of company stock valued at $12,652,757 over the last 90 days. 1.75% of the stock is currently owned by company insiders.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.
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