Apollon Wealth Management LLC Has $16.58 Million Stake in The Procter & Gamble Company (NYSE:PG)

Apollon Wealth Management LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,877 shares of the company’s stock after buying an additional 13,478 shares during the period. Apollon Wealth Management LLC’s holdings in Procter & Gamble were worth $16,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mezzasalma Advisors LLC grew its stake in Procter & Gamble by 60.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 2,688 shares of the company’s stock valued at $451,000 after acquiring an additional 1,008 shares during the period. Vest Financial LLC lifted its stake in Procter & Gamble by 16.7% in the fourth quarter. Vest Financial LLC now owns 347,908 shares of the company’s stock valued at $58,327,000 after buying an additional 49,864 shares in the last quarter. BayBridge Capital Group LLC boosted its holdings in shares of Procter & Gamble by 4.2% in the fourth quarter. BayBridge Capital Group LLC now owns 7,613 shares of the company’s stock valued at $1,276,000 after buying an additional 310 shares during the period. Cidel Asset Management Inc. increased its position in shares of Procter & Gamble by 1.8% during the fourth quarter. Cidel Asset Management Inc. now owns 78,740 shares of the company’s stock worth $13,201,000 after acquiring an additional 1,371 shares in the last quarter. Finally, Capital Management Associates Inc acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $394,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.5 %

PG opened at $167.99 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a fifty day moving average of $167.30 and a 200-day moving average of $169.40. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a market capitalization of $393.91 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.84 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

Insider Activity at Procter & Gamble

In other news, 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI lifted their target price 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Company 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.