M Holdings Securities Inc. Makes New $11.17 Million Investment in Procter & Gamble Company (The) $PG

M Holdings Securities Inc. acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 72,671 shares of the company’s stock, valued at approximately $11,166,000. Procter & Gamble comprises 2.4% of M Holdings Securities Inc.’s holdings, making the stock its 8th biggest position.

Other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $25,000. Corundum Trust Company INC acquired a new stake in Procter & Gamble during the 3rd quarter worth $32,000. Caitlin John LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $34,000. Marquette Asset Management LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $37,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Procter & Gamble in the third quarter valued at $40,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.0%

Shares of NYSE:PG opened at $150.57 on Friday. The company has a market cap of $349.91 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 5.03 and a beta of 0.37. The firm’s 50-day simple moving average is $153.32 and its 200-day simple moving average is $151.03. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 earnings per share. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s payout ratio is presently 62.52%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PG. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Barclays set a $155.00 price target on Procter & Gamble in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Rothschild & Co Redburn lifted their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, UBS Group boosted their target price on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by company insiders.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.