Arlington Partners LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Arlington Partners LLC boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,327 shares of the company’s stock after purchasing an additional 2,592 shares during the quarter. Procter & Gamble makes up 1.6% of Arlington Partners LLC’s holdings, making the stock its 24th largest position. Arlington Partners LLC’s holdings in Procter & Gamble were worth $4,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble during the third quarter valued at approximately $33,000. Bay Harbor Wealth Management LLC raised its holdings in shares of Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $46,000. Costello Asset Management INC raised its holdings in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC raised its holdings in shares of Procter & Gamble by 46.7% during the fourth quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock valued at $55,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PG shares. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. UBS Group cut 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. Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Down 0.5 %

PG opened at $167.99 on Monday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The business has a fifty day simple moving average of $167.30 and a 200-day simple moving average of $169.42. The firm has a market cap of $393.91 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly 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. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $1.84 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Insider Activity at Procter & Gamble

In other Procter & Gamble 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 transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated 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 sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,097 shares of company stock worth $25,635,076. Company insiders own 0.18% of the company’s stock.

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.