Bison Wealth LLC Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Bison Wealth LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,297 shares of the company’s stock after buying an additional 848 shares during the period. Bison Wealth LLC’s holdings in Procter & Gamble were worth $2,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Warner Financial Inc. increased its position in shares of Procter & Gamble by 23.6% during the fourth quarter. Warner Financial Inc. now owns 2,717 shares of the company’s stock worth $398,000 after purchasing an additional 518 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $4,814,000. BOK Financial Private Wealth Inc. increased its position in shares of Procter & Gamble by 10.1% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 4,007 shares of the company’s stock valued at $587,000 after acquiring an additional 369 shares during the period. Beverly Hills Private Wealth LLC increased its position in shares of Procter & Gamble by 14.2% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 4,602 shares of the company’s stock valued at $674,000 after acquiring an additional 572 shares during the period. Finally, Sumitomo Life Insurance Co. increased its position in shares of Procter & Gamble by 86.1% in the 4th quarter. Sumitomo Life Insurance Co. now owns 51,735 shares of the company’s stock valued at $7,581,000 after acquiring an additional 23,929 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.7 %

Shares of NYSE PG traded up $1.10 during midday trading on Monday, reaching $156.43. 1,779,025 shares of the stock were exchanged, compared to its average volume of 6,810,559. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The company has a 50 day simple moving average of $159.32 and a 200 day simple moving average of $152.63. The stock has a market capitalization of $368.08 billion, a P/E ratio of 26.22, a PEG ratio of 3.18 and a beta of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The firm had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same quarter last year, the firm earned $1.59 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is 62.98%.

Analysts Set New Price Targets

Several research firms recently issued reports on PG. Deutsche Bank Aktiengesellschaft upped their target price on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Stifel Nicolaus increased their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Finally, UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Read Our Latest Research Report on PG

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s 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 directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. In 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 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.

See Also

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

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