Calamos Wealth Management LLC Acquires 5,931 Shares of The Procter & Gamble Company (NYSE:PG)

Calamos Wealth Management LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 35.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,855 shares of the company’s stock after purchasing an additional 5,931 shares during the period. Calamos Wealth Management LLC’s holdings in Procter & Gamble were worth $3,832,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Dupree Financial Group LLC raised its holdings in Procter & Gamble by 5.3% in the fourth quarter. Dupree Financial Group LLC now owns 2,756 shares of the company’s stock worth $462,000 after purchasing an additional 139 shares during the period. Trust Point Inc. grew its stake in Procter & Gamble by 7.6% in the fourth quarter. Trust Point Inc. now owns 25,098 shares of the company’s stock valued at $4,208,000 after acquiring an additional 1,780 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in shares of Procter & Gamble by 32.5% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,438 shares of the company’s stock worth $912,000 after acquiring an additional 1,333 shares in the last quarter. Vantage Point Financial LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $774,000. Finally, Optas LLC increased its stake in Procter & Gamble by 3.7% during the 4th quarter. Optas LLC now owns 5,731 shares of the company’s stock worth $961,000 after purchasing an additional 205 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays increased their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Trading Down 0.4 %

PG stock opened at $168.16 on Wednesday. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $394.32 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The company has a fifty day moving average price of $168.17 and a two-hundred day moving average price of $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.

Procter & Gamble (NYSE:PG) last released its quarterly 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period in the prior year, the firm earned $1.84 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

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 issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.17%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value 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 represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by corporate insiders.

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.