Brooklyn Investment Group Buys 935 Shares of The Procter & Gamble Company (NYSE:PG)

Brooklyn Investment Group lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,065 shares of the company’s stock after acquiring an additional 935 shares during the quarter. Procter & Gamble makes up approximately 0.9% of Brooklyn Investment Group’s holdings, making the stock its 21st biggest position. Brooklyn Investment Group’s holdings in Procter & Gamble were worth $2,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Fiera Capital Corp grew its stake in Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after acquiring an additional 19,013 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Procter & Gamble by 9.3% during the 2nd quarter. Pacer Advisors Inc. now owns 222,592 shares of the company’s stock valued at $36,710,000 after purchasing an additional 18,855 shares during the last quarter. Sei Investments Co. grew its position in shares of Procter & Gamble by 3.6% during the second quarter. Sei Investments Co. now owns 852,073 shares of the company’s stock valued at $140,517,000 after purchasing an additional 29,746 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Procter & Gamble by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 56,081 shares of the company’s stock worth $9,249,000 after purchasing an additional 764 shares during the last quarter. Finally, Kiely Wealth Advisory Group Inc. lifted its position in shares of Procter & Gamble by 12.3% in the second quarter. Kiely Wealth Advisory Group Inc. now owns 1,808 shares of the company’s stock worth $309,000 after buying an additional 198 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Friday. DA Davidson reiterated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Evercore ISI lifted their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, UBS Group decreased their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.65.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at $2,343,110. This represents a 12.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,439 shares of company stock valued at $13,317,460. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE:PG opened at $161.35 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $379.98 billion, a PE ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The business’s fifty day simple moving average is $169.19 and its 200-day simple moving average is $169.38.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

About Procter & Gamble

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.