3,719 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Pennington Partners & CO. LLC

Pennington Partners & CO. LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,719 shares of the company’s stock, valued at approximately $624,000.

Several other institutional investors have also recently made changes to their positions in PG. FAS Wealth Partners Inc. boosted its holdings in shares of Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA grew its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after acquiring an additional 2,179 shares during the period. Strategic Advisors LLC increased its stake in shares of Procter & Gamble by 3.4% during the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after purchasing an additional 1,818 shares during the last quarter. Fortem Financial Group LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $569,000. Finally, Richard C. Young & CO. LTD. lifted its stake in Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after purchasing an additional 2,568 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Citigroup dropped their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Raymond James reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.80.

Procter & Gamble Stock Performance

NYSE PG opened at $159.99 on Friday. The company has a market capitalization of $375.10 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.76 and a beta of 0.43. 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 Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The company has a fifty day moving average of $167.61 and a 200-day moving average of $168.08.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.64%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,000 shares of company stock worth $9,330,060. 0.18% of the stock is currently owned by 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.