Bleakley Financial Group LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Bleakley Financial Group LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,588 shares of the company’s stock after purchasing an additional 6,772 shares during the quarter. Bleakley Financial Group LLC’s holdings in Procter & Gamble were worth $15,187,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PG. AMF Tjanstepension AB lifted its stake in Procter & Gamble by 416.1% in the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Procter & Gamble by 1.6% in the third quarter. Brookstone Capital Management now owns 62,212 shares of the company’s stock worth $10,775,000 after buying an additional 953 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Procter & Gamble by 16.2% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,872 shares of the company’s stock valued at $1,190,000 after acquiring an additional 960 shares during the period. CWM LLC grew its position in Procter & Gamble by 4.2% in the 3rd quarter. CWM LLC now owns 476,257 shares of the company’s stock valued at $82,488,000 after acquiring an additional 19,121 shares during the last quarter. Finally, Abner Herrman & Brock LLC increased its stake in Procter & Gamble by 3.4% in the third quarter. Abner Herrman & Brock LLC now owns 39,827 shares of the company’s stock worth $6,898,000 after purchasing an additional 1,316 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.0 %

Procter & Gamble stock opened at $168.96 on Friday. The stock has a market cap of $396.18 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. 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 stock has a 50-day moving average of $167.74 and a two-hundred day moving average of $169.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS 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. Shareholders 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 yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PG shares. Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group decreased their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Insider Activity

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

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.