Millstone Evans Group LLC Takes $1.21 Million Position in The Procter & Gamble Company (NYSE:PG)

Millstone Evans Group LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,223 shares of the company’s stock, valued at approximately $1,211,000. Procter & Gamble accounts for about 0.8% of Millstone Evans Group LLC’s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. Wayfinding Financial LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at about $1,447,000. Independent Solutions Wealth Management LLC raised its holdings in Procter & Gamble by 0.7% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 10,256 shares of the company’s stock valued at $1,719,000 after acquiring an additional 71 shares in the last quarter. Kiker Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth approximately $306,000. Antonelli Financial Advisors LLC acquired a new position in Procter & Gamble during the 4th quarter worth approximately $350,000. Finally, Lowe Brockenbrough & Co. Inc. increased its position in shares of Procter & Gamble by 0.5% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 83,423 shares of the company’s stock valued at $13,986,000 after purchasing an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $14,819,328.00. Following the sale, the insider now 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. Insiders have sold 143,450 shares of company stock valued at $23,988,008 over the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PG shares. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays raised their target price on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $181.47.

Procter & Gamble Stock Performance

NYSE:PG opened at $166.60 on Friday. The firm has a market cap of $390.66 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 1-year low of $153.52 and a 1-year high of $180.43. The firm’s fifty day moving average price is $167.97 and its 200 day moving average price is $169.72.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

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.