Zhang Financial LLC Acquires 288 Shares of The Procter & Gamble Company (NYSE:PG)

Zhang Financial LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,371 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Zhang Financial LLC’s holdings in Procter & Gamble were worth $4,086,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new stake in Procter & Gamble during the third quarter worth approximately $33,000. Costello Asset Management INC lifted its stake in shares of Procter & Gamble by 2,142.9% in the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after buying an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at $58,000. Mendota Financial Group LLC raised its holdings in Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock worth $63,000 after acquiring an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its position in Procter & Gamble by 138.7% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PG shares. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company cut their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $168.99, for a total value of $2,163,072.00. Following the completion of the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % 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, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,447 shares of company stock valued at $12,978,820 in the last three months. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.4 %

Shares of NYSE:PG opened at $161.77 on Wednesday. The company’s fifty day moving average is $169.09 and its 200-day moving average is $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The Procter & Gamble Company has a 52 week low of $146.28 and a 52 week high of $180.43. The company has a market capitalization of $380.96 billion, a PE ratio of 27.89, a P/E/G ratio of 3.63 and a beta of 0.45.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.49%. Procter & Gamble’s dividend payout ratio is 69.48%.

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.