The Procter & Gamble Company (NYSE:PG) Shares Acquired by Family Legacy Inc.

Family Legacy Inc. boosted its position in The Procter & Gamble Company (NYSE:PG) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,578 shares of the company’s stock after purchasing an additional 479 shares during the period. Procter & Gamble makes up about 1.5% of Family Legacy Inc.’s portfolio, making the stock its 25th largest holding. Family Legacy Inc.’s holdings in Procter & Gamble were worth $4,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC raised its position in shares of Procter & Gamble by 0.6% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company’s stock worth $1,812,000 after purchasing an additional 60 shares during the period. Colton Groome Financial Advisors LLC grew its stake in Procter & Gamble by 3.2% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company’s stock valued at $334,000 after purchasing an additional 62 shares in the last quarter. Tevis Investment Management raised its stake in shares of Procter & Gamble by 0.6% during the 4th quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock worth $1,950,000 after purchasing an additional 65 shares in the last quarter. Dakota Community Bank & Trust NA lifted its holdings in shares of Procter & Gamble by 3.3% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company’s stock valued at $348,000 after buying an additional 66 shares during the last quarter. Finally, Alhambra Investment Management LLC increased its holdings in Procter & Gamble by 1.2% in the fourth quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company’s stock worth $970,000 after buying an additional 66 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.5 %

Shares of PG opened at $167.94 on Monday. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. 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 stock has a 50 day simple moving average of $168.60 and a 200-day simple moving average of $169.31. The stock has a market cap of $393.80 billion, a PE ratio of 26.74, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.84 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is 64.01%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson restated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday. Finally, UBS Group reaffirmed 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 assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.82.

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.