Diligent Investors LLC Purchases 381 Shares of The Procter & Gamble Company (NYSE:PG)

Diligent Investors LLC increased its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 16,225 shares of the company’s stock after acquiring an additional 381 shares during the period. Procter & Gamble makes up approximately 0.7% of Diligent Investors LLC’s investment portfolio, making the stock its 26th biggest position. Diligent Investors LLC’s holdings in Procter & Gamble were worth $2,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Procter & Gamble by 0.8% in the second quarter. State Street Corp now owns 103,104,467 shares of the company’s stock worth $15,645,072,000 after acquiring an additional 817,674 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Procter & Gamble by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Morgan Stanley raised its position in shares of Procter & Gamble by 12.6% during the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Procter & Gamble by 96,526.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Procter & Gamble by 9.4% during the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the period. Institutional investors own 63.43% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.71 during mid-day trading on Tuesday, reaching $161.92. 1,150,070 shares of the stock traded hands, compared to its average volume of 6,907,262. The business’s 50-day moving average is $156.82 and its 200-day moving average is $151.75. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $162.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The stock has a market capitalization of $381.00 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.29 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is presently 62.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PG shares. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Stifel Nicolaus raised their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Raymond James raised their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group began coverage on Procter & Gamble in a research note on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.41.

Read Our Latest Stock Analysis on Procter & Gamble

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

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.

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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:PGFree Report).

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

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