Lockerman Financial Group Inc. Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

Lockerman Financial Group Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,148 shares of the company’s stock after purchasing an additional 115 shares during the quarter. Procter & Gamble makes up about 1.2% of Lockerman Financial Group Inc.’s holdings, making the stock its 24th largest position. Lockerman Financial Group Inc.’s holdings in Procter & Gamble were worth $719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Ables Iannone Moore & Associates Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth $485,000. Walden Wealth Partners LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $2,581,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Procter & Gamble by 12.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 183,908 shares of the company’s stock worth $26,950,000 after buying an additional 20,519 shares during the last quarter. Skyline Advisors Inc. acquired a new position in Procter & Gamble in the 4th quarter valued at about $497,000. Finally, Hart & Patterson Financial Group LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $359,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $1.06 on Tuesday, hitting $173.57. The company had a trading volume of 6,973,559 shares, compared to its average volume of 6,684,525. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $409.65 billion, a PE ratio of 28.43, a PEG ratio of 3.67 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The business has a 50 day moving average of $171.57 and a 200 day moving average of $166.88.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion for the quarter, compared to analysts’ expectations of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $108,826.10. Following the sale, the insider now directly owns 19,341 shares of the company’s stock, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 634 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now directly owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PG shares. BNP Paribas assumed coverage on Procter & Gamble in a report on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target for the company. in a report on Monday, September 30th. Stifel Nicolaus upped their price objective on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. DA Davidson reissued a “neutral” rating and issued a $159.00 target price on shares of Procter & Gamble in a report on Tuesday. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.