Stratos Wealth Partners LTD. Grows Position in The Procter & Gamble Company (NYSE:PG)

Stratos Wealth Partners LTD. lifted its position in The Procter & Gamble Company (NYSE:PG) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 159,210 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Procter & Gamble were worth $26,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Concurrent Investment Advisors LLC lifted its position in shares of Procter & Gamble by 4.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after buying an additional 4,035 shares in the last quarter. Copley Financial Group Inc. purchased a new stake in shares of Procter & Gamble during the third quarter valued at approximately $668,000. Fortem Financial Group LLC bought a new stake in Procter & Gamble during the fourth quarter worth $569,000. Nordea Investment Management AB boosted its position in Procter & Gamble by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after purchasing an additional 201,695 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of Procter & Gamble by 3.4% during the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after purchasing an additional 6,077 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. 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 business’s stock in a transaction on Thursday, January 23rd. The stock was 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 directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents 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 valued at $25,635,076. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 0.6 %

PG opened at $169.07 on Thursday. The firm has a market capitalization of $396.45 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a fifty day moving average price of $167.94 and a 200-day moving average price of $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the company earned $1.84 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. DA Davidson reissued a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.