Wealthcare Capital Partners LLC Takes $665,000 Position in The Procter & Gamble Company (NYSE:PG)

Wealthcare Capital Partners LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,966 shares of the company’s stock, valued at approximately $665,000.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after buying an additional 1,466,115 shares during the period. Retirement Planning Group LLC increased its position in Procter & Gamble by 17.6% during the third quarter. Retirement Planning Group LLC now owns 4,640 shares of the company’s stock worth $804,000 after purchasing an additional 693 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Procter & Gamble by 1.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 13,045 shares of the company’s stock valued at $2,259,000 after purchasing an additional 229 shares during the last quarter. Orca Investment Management LLC grew its stake in shares of Procter & Gamble by 13.7% during the 3rd quarter. Orca Investment Management LLC now owns 3,434 shares of the company’s stock valued at $595,000 after buying an additional 414 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Procter & Gamble by 5.3% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,222 shares of the company’s stock worth $2,983,000 after buying an additional 863 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction on 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 of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction 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 approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PG. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Evercore ISI increased their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Morgan Stanley lifted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight investment 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 company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Price Performance

Shares of PG stock opened at $167.45 on Tuesday. The firm has a fifty day moving average of $167.30 and a two-hundred day moving average of $169.43. The firm has a market cap of $392.64 billion, a P/E ratio of 26.66, a P/E/G ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

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.