Brown Lisle Cummings Inc. Purchases 2,018 Shares of The Procter & Gamble Company (NYSE:PG)

Brown Lisle Cummings Inc. grew its position in The Procter & Gamble Company (NYSE:PG) by 27.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,273 shares of the company’s stock after acquiring an additional 2,018 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Procter & Gamble were worth $1,555,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PG. Concurrent Investment Advisors LLC lifted its holdings in shares of Procter & Gamble by 4.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after acquiring an additional 4,035 shares during the period. Copley Financial Group Inc. acquired a new position in Procter & Gamble in the third quarter worth about $668,000. Fortem Financial Group LLC bought a new position in Procter & Gamble during the fourth quarter worth about $569,000. Nordea Investment Management AB boosted its holdings in Procter & Gamble by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after purchasing an additional 201,695 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Procter & Gamble by 3.4% in the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after purchasing an additional 6,077 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI boosted their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus increased their target price 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. JPMorgan Chase & Co. decreased 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 note on Thursday, January 16th. Finally, Barclays lifted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Eight research 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’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Trading Down 0.4 %

Shares of NYSE PG opened at $168.16 on Wednesday. The company’s 50 day simple moving average is $168.17 and its 200 day simple moving average is $169.41. 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 Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm has a market capitalization of $394.32 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.73 and a beta of 0.45.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by company insiders.

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.