Lowe Brockenbrough & Co. Inc. Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Lowe Brockenbrough & Co. Inc. boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,423 shares of the company’s stock after acquiring an additional 404 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Procter & Gamble were worth $13,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. NewSquare Capital LLC grew its holdings in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the 4th quarter worth approximately $34,000. Atlantic Private Wealth LLC increased its holdings in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new position in Procter & Gamble in the fourth quarter worth $39,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction 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 sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PG. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. reduced 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. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Procter & Gamble Stock Down 0.7 %

Shares of NYSE:PG opened at $167.47 on Friday. 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 current ratio of 0.76 and a quick ratio of 0.55. The stock’s 50-day moving average is $167.82 and its 200 day moving average is $169.76. The company has a market cap of $392.69 billion, a PE ratio of 26.67, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

About Procter & Gamble

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.