7,829 Shares in The Procter & Gamble Company (NYSE:PG) Bought by YANKCOM Partnership

YANKCOM Partnership purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,829 shares of the company’s stock, valued at approximately $1,313,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bleakley Financial Group LLC increased its stake in shares of Procter & Gamble by 8.1% in the fourth quarter. Bleakley Financial Group LLC now owns 90,588 shares of the company’s stock worth $15,187,000 after purchasing an additional 6,772 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Procter & Gamble by 3.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,074 shares of the company’s stock worth $683,000 after buying an additional 122 shares during the period. NovaPoint Capital LLC increased its stake in Procter & Gamble by 3.9% in the 4th quarter. NovaPoint Capital LLC now owns 24,258 shares of the company’s stock worth $4,067,000 after buying an additional 907 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Procter & Gamble by 2.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 16,734 shares of the company’s stock valued at $2,805,000 after acquiring an additional 444 shares during the period. Finally, Inman Jager Wealth Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at about $1,623,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were 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 of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

PG stock opened at $168.96 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock has a market cap of $396.18 billion, a PE ratio of 26.90, a P/E/G ratio of 3.73 and a beta of 0.45. The company has a 50-day moving average price of $167.74 and a 200 day moving average price of $169.41.

Procter & Gamble (NYSE:PG) last released 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate 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 will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.38%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Analysts Set New Price Targets

Several analysts recently issued reports on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Barclays raised their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Evercore ISI raised their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $180.53.

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.