Winebrenner Capital Management LLC Takes $1.98 Million Position in The Procter & Gamble Company (NYSE:PG)

Winebrenner Capital Management LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,796 shares of the company’s stock, valued at approximately $1,978,000. Procter & Gamble makes up 1.5% of Winebrenner Capital Management LLC’s portfolio, making the stock its 15th biggest position.

Several other institutional investors also recently bought and sold shares of PG. Prentice Wealth Management LLC boosted its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Prentice Wealth Management LLC now owns 4,350 shares of the company’s stock worth $729,000 after purchasing an additional 215 shares in the last quarter. Bell Bank raised its stake in Procter & Gamble by 2.4% in the 4th quarter. Bell Bank now owns 10,122 shares of the company’s stock valued at $1,697,000 after purchasing an additional 234 shares during the last quarter. Greystone Financial Group LLC raised its stake in Procter & Gamble by 4.5% in the 4th quarter. Greystone Financial Group LLC now owns 40,029 shares of the company’s stock valued at $6,711,000 after purchasing an additional 1,739 shares during the last quarter. Peregrine Asset Advisers Inc. raised its stake in Procter & Gamble by 58.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 17,583 shares of the company’s stock valued at $2,948,000 after purchasing an additional 6,471 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. raised its stake in Procter & Gamble by 1.4% in the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,345 shares of the company’s stock valued at $1,231,000 after purchasing an additional 100 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.8 %

PG opened at $170.17 on Friday. The firm has a 50 day moving average price of $166.04 and a 200 day moving average price of $169.44. The company has a market cap of $399.02 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 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.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share 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 analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.84 EPS. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

Insider Buying and Selling

In related news, 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 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 trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’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 value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. Wells Fargo & Company boosted their target price 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. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. UBS Group cut their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. DA Davidson reissued a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Barclays upped their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $180.53.

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.