The Procter & Gamble Company (NYSE:PG) Shares Acquired by ETF Portfolio Partners Inc.

ETF Portfolio Partners Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 16.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,502 shares of the company’s stock after purchasing an additional 210 shares during the period. ETF Portfolio Partners Inc.’s holdings in Procter & Gamble were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Fiera Capital Corp boosted its position in shares of Procter & Gamble by 1,135.1% in the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares in the last quarter. Granite FO LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at about $371,000. William B. Walkup & Associates Inc. purchased a new position in Procter & Gamble in the 2nd quarter valued at about $58,000. Wallace Advisory Group LLC lifted its holdings in Procter & Gamble by 5.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,007 shares of the company’s stock valued at $496,000 after purchasing an additional 144 shares in the last quarter. Finally, Second Line Capital LLC lifted its holdings in Procter & Gamble by 27.2% in the 2nd quarter. Second Line Capital LLC now owns 2,791 shares of the company’s stock valued at $460,000 after purchasing an additional 597 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. UBS Group reduced their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Stock Up 3.3 %

Shares of NYSE:PG opened at $169.57 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a 50 day moving average of $168.85 and a two-hundred day moving average of $169.39. The company has a market capitalization of $399.34 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same quarter last year, the company earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Procter & Gamble Company 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.