Hartford Funds Management Co LLC Purchases 528 Shares of The Procter & Gamble Company (NYSE:PG)

Hartford Funds Management Co LLC increased its position in The Procter & Gamble Company (NYSE:PGGet Rating) by 34.1% during the third quarter, Holdings Channel reports. The firm owned 2,076 shares of the company’s stock after buying an additional 528 shares during the quarter. Procter & Gamble makes up approximately 0.0% of Hartford Funds Management Co LLC’s portfolio, making the stock its 20th largest holding. Hartford Funds Management Co LLC’s holdings in Procter & Gamble were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PG. Axiom Financial Strategies LLC increased its holdings in shares of Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock valued at $276,000 after purchasing an additional 113 shares during the last quarter. AMI Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 7.2% during the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management grew its stake in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after buying an additional 1,000 shares during the last quarter. Ergoteles LLC bought a new position in Procter & Gamble in the 1st quarter valued at about $3,073,000. Finally, Wsfs Capital Management LLC lifted its position in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after acquiring an additional 455 shares during the last quarter. 62.13% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $3.00 during midday trading on Wednesday, hitting $138.82. 1,649,268 shares of the stock traded hands, compared to its average volume of 7,299,529. The Procter & Gamble Company has a one year low of $122.18 and a one year high of $164.98. The firm has a 50-day moving average of $149.14 and a two-hundred day moving average of $141.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market capitalization of $327.50 billion, a P/E ratio of 24.58, a PEG ratio of 3.93 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. Procter & Gamble’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th will be issued a $0.9133 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble’s dividend payout ratio is presently 64.04%.

Insider Activity

In other news, CEO Sundar G. Raman sold 14,922 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total value of $2,083,111.20. Following the sale, the chief executive officer now directly owns 12,310 shares of the company’s stock, valued at approximately $1,718,476. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar G. Raman sold 14,922 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $139.60, for a total transaction of $2,083,111.20. Following the sale, the chief executive officer now owns 12,310 shares of the company’s stock, valued at approximately $1,718,476. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R. Alexandra Keith sold 33,968 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $137.44, for a total transaction of $4,668,561.92. Following the sale, the chief executive officer now directly owns 38,990 shares in the company, valued at approximately $5,358,785.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,812 shares of company stock worth $8,190,363. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $141.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Credit Suisse Group lowered their target price on Procter & Gamble from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $156.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. The Goldman Sachs Group downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $143.00 target price for the company. in a research note on Sunday, October 9th. Finally, Raymond James lifted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $153.00.

About Procter & Gamble

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PGGet Rating).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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