Strategic Financial Services Inc. Acquires 114 Shares of The Procter & Gamble Company (NYSE:PG)

Strategic Financial Services Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,603 shares of the company’s stock after acquiring an additional 114 shares during the period. Strategic Financial Services Inc.’s holdings in Procter & Gamble were worth $1,275,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PG. Swedbank AB lifted its stake in shares of Procter & Gamble by 3.9% in the third quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock worth $260,432,000 after buying an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in shares of Procter & Gamble by 1.0% in the third quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock worth $1,442,000 after buying an additional 82 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Procter & Gamble by 14.7% in the third quarter. Principal Financial Group Inc. now owns 4,734,588 shares of the company’s stock worth $820,031,000 after buying an additional 608,168 shares in the last quarter. United Bank lifted its stake in shares of Procter & Gamble by 1.7% in the third quarter. United Bank now owns 13,367 shares of the company’s stock worth $2,315,000 after buying an additional 219 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Procter & Gamble by 3,831.2% in the third quarter. Quest Partners LLC now owns 8,688 shares of the company’s stock worth $1,505,000 after buying an additional 8,467 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity 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 shares were 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 in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,450 shares of company stock valued at $23,988,008. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $168.66 on Thursday. The firm has a fifty day moving average price of $167.71 and a 200-day moving average price of $169.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $395.47 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.39%. Procter & Gamble’s payout ratio is 64.01%.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.47.

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.