Northern Financial Advisors Inc Purchases 1,219 Shares of The Procter & Gamble Company (NYSE:PG)

Northern Financial Advisors Inc increased its position in The Procter & Gamble Company (NYSE:PG) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,330 shares of the company’s stock after purchasing an additional 1,219 shares during the quarter. Procter & Gamble makes up 1.4% of Northern Financial Advisors Inc’s portfolio, making the stock its 16th largest holding. Northern Financial Advisors Inc’s holdings in Procter & Gamble were worth $1,660,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PG. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the fourth quarter valued at about $33,000. MeadowBrook Investment Advisors LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $33,000. Finally, Mendota Financial Group LLC raised its stake in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. In the last three months, insiders sold 118,724 shares of company stock worth $19,312,729. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PG shares. Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Down 0.1 %

Shares of PG stock traded down $0.16 on Wednesday, reaching $165.60. The company had a trading volume of 1,567,337 shares, compared to its average volume of 6,835,774. The stock has a market cap of $390.84 billion, a PE ratio of 27.10, a PEG ratio of 3.34 and a beta of 0.43. The company has a 50-day moving average of $160.23 and a 200-day moving average of $154.49. The company has a current ratio of 0.69, a quick ratio of 0.48 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 $166.37.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Procter & Gamble Company 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.