The Procter & Gamble Company (NYSE:PG) Shares Bought by Adapt Wealth Advisors LLC

Adapt Wealth Advisors LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,729 shares of the company’s stock after acquiring an additional 169 shares during the period. Adapt Wealth Advisors LLC’s holdings in Procter & Gamble were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bienville Capital Management LLC raised its position in shares of Procter & Gamble by 8.3% during the 4th quarter. Bienville Capital Management LLC now owns 4,773 shares of the company’s stock worth $800,000 after buying an additional 365 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in shares of Procter & Gamble by 24.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 10,398 shares of the company’s stock valued at $1,743,000 after acquiring an additional 2,026 shares during the period. Wahed Invest LLC raised its holdings in Procter & Gamble by 6.5% during the fourth quarter. Wahed Invest LLC now owns 60,747 shares of the company’s stock worth $10,184,000 after purchasing an additional 3,726 shares in the last quarter. Pennington Partners & CO. LLC bought a new position in Procter & Gamble during the 4th quarter valued at $624,000. Finally, Hutner Capital Management Inc. raised its stake in shares of Procter & Gamble by 10.7% in the 4th quarter. Hutner Capital Management Inc. now owns 53,210 shares of the company’s stock worth $8,921,000 after buying an additional 5,152 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $159.99 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company’s fifty day moving average is $167.61 and its 200-day moving average is $168.08. The firm has a market cap of $375.10 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.64%. Procter & Gamble’s payout ratio is currently 66.98%.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday. Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus increased their price objective 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 lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.80.

Insider Activity

In other news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,000 shares of company stock valued at $9,330,060. 0.18% of the stock is owned by 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.