Fiduciary Financial Group LLC Acquires 77 Shares of The Procter & Gamble Company (NYSE:PG)

Fiduciary Financial Group LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,694 shares of the company’s stock after buying an additional 77 shares during the period. Fiduciary Financial Group LLC’s holdings in Procter & Gamble were worth $586,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Pacifica Partners Inc. raised its stake in Procter & Gamble by 2.3% during the 4th quarter. Pacifica Partners Inc. now owns 8,681 shares of the company’s stock worth $1,441,000 after buying an additional 193 shares during the period. KWB Wealth acquired a new position in shares of Procter & Gamble during the fourth quarter worth approximately $207,000. Biltmore Wealth Management LLC grew its position in Procter & Gamble by 5.3% in the 4th quarter. Biltmore Wealth Management LLC now owns 5,818 shares of the company’s stock valued at $975,000 after purchasing an additional 293 shares during the period. Ignite Planners LLC increased its stake in Procter & Gamble by 3.4% during the 4th quarter. Ignite Planners LLC now owns 12,418 shares of the company’s stock valued at $2,051,000 after purchasing an additional 403 shares in the last quarter. Finally, Breakwater Capital Group lifted its stake in shares of Procter & Gamble by 2.7% in the fourth quarter. Breakwater Capital Group now owns 6,059 shares of the company’s stock valued at $1,016,000 after buying an additional 159 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the sale, the insider now directly owns 11,566 shares in the company, valued at approximately $1,954,538.34. This trade represents a 52.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,439 shares of company stock worth $13,317,460. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PG. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Friday, December 27th. Barclays lowered Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a report on Monday, September 30th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.75.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $159.82 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $146.28 and a 12 month high of $180.43. The stock has a market cap of $376.38 billion, a P/E ratio of 27.56, a P/E/G ratio of 3.70 and a beta of 0.45. The company has a 50 day moving average of $169.40 and a 200 day moving average of $169.52.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.52%. Procter & Gamble’s payout ratio is 69.31%.

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.