Three Bridge Wealth Advisors LLC Has $440,000 Holdings in The Procter & Gamble Company (NYSE:PG)

Three Bridge Wealth Advisors LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,624 shares of the company’s stock after acquiring an additional 413 shares during the period. Three Bridge Wealth Advisors LLC’s holdings in Procter & Gamble were worth $440,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. AMF Tjanstepension AB lifted its position in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after buying an additional 1,466,115 shares in the last quarter. Creative Planning increased its position in shares of Procter & Gamble by 3.5% in the third quarter. Creative Planning now owns 1,393,443 shares of the company’s stock valued at $241,344,000 after acquiring an additional 47,551 shares during the last quarter. Swedbank AB raised its holdings in Procter & Gamble by 3.9% during the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock worth $260,432,000 after acquiring an additional 56,583 shares in the last quarter. Petredis Investment Advisors LLC boosted its position in Procter & Gamble by 0.4% during the third quarter. Petredis Investment Advisors LLC now owns 33,529 shares of the company’s stock valued at $5,807,000 after purchasing an additional 133 shares during the last quarter. Finally, PFG Advisors grew its stake in Procter & Gamble by 38.9% in the third quarter. PFG Advisors now owns 50,613 shares of the company’s stock valued at $8,766,000 after purchasing an additional 14,166 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity

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

Procter & Gamble Stock Up 0.1 %

Shares of PG opened at $169.58 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $397.64 billion, a PE ratio of 27.00, a P/E/G ratio of 3.79 and a beta of 0.45. The firm’s 50 day moving average is $166.94 and its 200-day moving average is $169.44. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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 issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PG shares. Morgan Stanley upped their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble 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 report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price 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. Finally, UBS Group reduced their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.