The Procter & Gamble Company (NYSE:PG) Holdings Raised by Arlington Trust Co LLC

Arlington Trust Co LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 42.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,614 shares of the company’s stock after acquiring an additional 1,078 shares during the period. Arlington Trust Co LLC’s holdings in Procter & Gamble were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PG. AMF Tjanstepension AB raised its position in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after purchasing an additional 1,466,115 shares during the period. Brown Miller Wealth Management LLC grew its stake in Procter & Gamble by 1.4% during the 3rd quarter. Brown Miller Wealth Management LLC now owns 20,673 shares of the company’s stock worth $3,580,000 after buying an additional 288 shares during the last quarter. InTrack Investment Management Inc boosted its holdings in shares of Procter & Gamble by 6.8% during the third quarter. InTrack Investment Management Inc now owns 11,445 shares of the company’s stock valued at $1,982,000 after acquiring an additional 731 shares during the period. Retirement Planning Group LLC grew its position in shares of Procter & Gamble by 17.6% during the third quarter. Retirement Planning Group LLC now owns 4,640 shares of the company’s stock worth $804,000 after acquiring an additional 693 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Procter & Gamble by 24.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 71,666 shares of the company’s stock worth $12,413,000 after acquiring an additional 14,105 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PG. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Barclays increased their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus raised their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Insider Activity at Procter & Gamble

In other news, 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 value of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

NYSE PG opened at $167.99 on Monday. The stock has a market capitalization of $393.91 billion, a P/E ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business’s fifty day moving average is $167.30 and its two-hundred day moving average is $169.42. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

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.