The Procter & Gamble Company (NYSE:PG) Position Boosted by Provence Wealth Management Group

Provence Wealth Management Group raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 18.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,475 shares of the company’s stock after purchasing an additional 853 shares during the quarter. Provence Wealth Management Group’s holdings in Procter & Gamble were worth $802,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PG. Naples Money Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth about $29,000. Criterion Capital Advisors LLC bought a new stake in Procter & Gamble in the 4th quarter valued at about $33,000. Mendota Financial Group LLC boosted its stake in Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. Finally, DiNuzzo Private Wealth Inc. bought a new position in Procter & Gamble in the 4th quarter worth about $56,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PG. Barclays boosted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Raymond James raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective for the company. Finally, Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $169.76.

Procter & Gamble Stock Up 0.4 %

Shares of Procter & Gamble stock traded up $0.62 on Friday, hitting $164.46. 5,581,692 shares of the company traded hands, compared to its average volume of 6,941,715. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $164.71. The company has a 50-day moving average price of $160.01 and a 200 day moving average price of $154.17. The company has a market cap of $388.15 billion, a PE ratio of 26.87, a PEG ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,865 shares of company stock worth $14,059,180. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.