Synergy Asset Management LLC Purchases 3,327 Shares of The Procter & Gamble Company (NYSE:PG)

Synergy Asset Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 107.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,433 shares of the company’s stock after purchasing an additional 3,327 shares during the quarter. Synergy Asset Management LLC’s holdings in Procter & Gamble were worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Anchor Investment Management LLC raised its position in shares of Procter & Gamble by 9.7% during the 2nd quarter. Anchor Investment Management LLC now owns 61,227 shares of the company’s stock valued at $10,098,000 after purchasing an additional 5,402 shares during the period. Mattson Financial Services LLC purchased a new position in shares of Procter & Gamble during the second quarter valued at about $3,312,000. Global Wealth Strategies & Associates raised its holdings in shares of Procter & Gamble by 11.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 937 shares of the company’s stock worth $162,000 after acquiring an additional 93 shares in the last quarter. Bridge Advisory LLC bought a new position in Procter & Gamble during the third quarter valued at $200,000. Finally, M&R Capital Management Inc. grew its position in Procter & Gamble by 0.5% in the third quarter. M&R Capital Management Inc. now owns 14,323 shares of the company’s stock worth $2,481,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $167.43 on Friday. The firm’s fifty day moving average is $168.65 and its two-hundred day moving average is $169.39. The firm has a market cap of $392.60 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.73 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.