The Procter & Gamble Company (NYSE:PG) Shares Bought by Altus Wealth Management LLC

Altus Wealth Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 7.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,033 shares of the company’s stock after buying an additional 4,109 shares during the quarter. Procter & Gamble accounts for approximately 4.3% of Altus Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Altus Wealth Management LLC’s holdings in Procter & Gamble were worth $9,562,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Acorn Creek Capital LLC grew its stake in Procter & Gamble by 2.8% during the 3rd quarter. Acorn Creek Capital LLC now owns 2,170 shares of the company’s stock valued at $376,000 after acquiring an additional 59 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its position in Procter & Gamble by 1.1% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 5,561 shares of the company’s stock valued at $963,000 after purchasing an additional 59 shares in the last quarter. Traveka Wealth LLC increased its stake in Procter & Gamble by 1.7% in the 3rd quarter. Traveka Wealth LLC now owns 3,554 shares of the company’s stock valued at $616,000 after buying an additional 60 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its position in Procter & Gamble by 0.7% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,699 shares of the company’s stock worth $1,507,000 after buying an additional 61 shares in the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Procter & Gamble by 11.2% during 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 period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PG shares. JPMorgan Chase & Co. cut their price objective 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 research note on Thursday, January 16th. Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley increased their price target 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 investment 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 stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.1 %

Shares of PG stock opened at $166.34 on Thursday. The stock has a 50 day moving average of $168.74 and a 200-day moving average of $169.41. The firm has a market cap of $391.74 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.69 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 0.49. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period in the prior year, the firm earned $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 annualized dividend and a yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

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.