The Procter & Gamble Company (NYSE:PG) Shares Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 58.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,583 shares of the company’s stock after buying an additional 6,471 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 29th biggest holding. Peregrine Asset Advisers Inc.’s holdings in Procter & Gamble were worth $2,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Lakeridge Wealth Management LLC boosted its holdings in Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock valued at $1,812,000 after acquiring an additional 60 shares during the period. Valued Wealth Advisors LLC grew its holdings in Procter & Gamble by 11.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after buying an additional 61 shares during the last quarter. Colton Groome Financial Advisors LLC increased its position in Procter & Gamble by 3.2% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock worth $334,000 after buying an additional 62 shares during the period. Tevis Investment Management lifted its holdings in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after buying an additional 65 shares during the last quarter. Finally, Dakota Community Bank & Trust NA boosted its position in shares of Procter & Gamble by 3.3% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after acquiring an additional 66 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 1.8 %

Shares of NYSE:PG opened at $170.17 on Friday. 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 has a market cap of $399.02 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a 50 day moving average of $166.04 and a 200-day moving average of $169.44. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $21.88 billion for 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 quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 EPS. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s 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 in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s 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 transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. DA Davidson reissued a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently 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.