Nicholson Wealth Management Group LLC Takes $1.75 Million Position in The Procter & Gamble Company (NYSE:PG)

Nicholson Wealth Management Group LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,095 shares of the company’s stock, valued at approximately $1,748,000. Procter & Gamble comprises 1.4% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signet Financial Management LLC raised its holdings in shares of Procter & Gamble by 32.3% in the first quarter. Signet Financial Management LLC now owns 15,129 shares of the company’s stock valued at $2,455,000 after buying an additional 3,694 shares during the last quarter. Agate Pass Investment Management LLC raised its position in Procter & Gamble by 4.2% during the 1st quarter. Agate Pass Investment Management LLC now owns 10,778 shares of the company’s stock worth $1,749,000 after buying an additional 430 shares during the last quarter. Exeter Financial LLC boosted its holdings in shares of Procter & Gamble by 2.0% in the first quarter. Exeter Financial LLC now owns 16,232 shares of the company’s stock valued at $2,523,000 after acquiring an additional 315 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Procter & Gamble by 3.4% during the first quarter. Janiczek Wealth Management LLC now owns 11,273 shares of the company’s stock worth $1,829,000 after acquiring an additional 373 shares during the period. Finally, ERn Financial LLC lifted its position in Procter & Gamble by 2.9% in the first quarter. ERn Financial LLC now owns 4,041 shares of the company’s stock valued at $656,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO R. Alexandra Keith sold 1,992 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO R. Alexandra Keith sold 1,992 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now owns 13,783 shares of the company’s stock, valued at $2,343,110. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,186 shares of company stock valued at $65,479,358 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PG shares. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, August 29th. Dbs Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Morgan Stanley upped their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Finally, Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.00.

Procter & Gamble Stock Up 0.0 %

PG stock opened at $169.64 on Friday. The Procter & Gamble Company has a one year low of $142.50 and a one year high of $177.94. The stock has a market capitalization of $399.51 billion, a P/E ratio of 29.25, a PEG ratio of 3.67 and a beta of 0.41. The company has a 50 day moving average price of $171.88 and a two-hundred day moving average price of $167.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Procter & Gamble Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.