SignalPoint Asset Management LLC Has $1.53 Million Stake in The Procter & Gamble Company (NYSE:PG)

SignalPoint Asset Management LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,117 shares of the company’s stock after selling 101 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Procter & Gamble were worth $1,528,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Acorn Creek Capital LLC boosted its stake in Procter & Gamble by 2.8% in the third quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock valued at $376,000 after acquiring an additional 59 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in Procter & Gamble by 1.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock valued at $963,000 after acquiring an additional 59 shares during the last quarter. Traveka Wealth LLC boosted its stake in Procter & Gamble by 1.7% in the third quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock valued at $616,000 after acquiring an additional 60 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in Procter & Gamble by 0.7% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company’s stock valued at $1,507,000 after acquiring an additional 61 shares during the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in Procter & Gamble by 11.2% in the third quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research analyst reports. Barclays cut shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research note on Monday, September 30th. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $159.75 on Thursday. The company’s fifty day moving average price is $169.40 and its 200-day moving average price is $169.52. The firm has a market capitalization of $376.22 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

Insider Transactions at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,439 shares of company stock valued at $13,317,460 in the last quarter. Insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.