Whelan Financial Purchases 358 Shares of The Procter & Gamble Company (NYSE:PG)

Whelan Financial boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,009 shares of the company’s stock after buying an additional 358 shares during the period. Whelan Financial’s holdings in Procter & Gamble were worth $504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PG. Williams Jones Wealth Management LLC. raised its holdings in shares of Procter & Gamble by 0.3% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 54,312 shares of the company’s stock valued at $9,105,000 after purchasing an additional 170 shares during the last quarter. Woodline Partners LP bought a new stake in Procter & Gamble in the 4th quarter worth approximately $22,825,000. Zurich Insurance Group Ltd FI raised its stake in Procter & Gamble by 21.0% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 226,927 shares of the company’s stock valued at $38,044,000 after buying an additional 39,456 shares during the last quarter. Victrix Investment Advisors purchased a new stake in Procter & Gamble during the 4th quarter valued at $382,000. Finally, Vivaldi Capital Management LP lifted its holdings in shares of Procter & Gamble by 104.7% during the 4th quarter. Vivaldi Capital Management LP now owns 11,612 shares of the company’s stock valued at $1,970,000 after buying an additional 5,939 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.9%

Shares of PG opened at $164.78 on Tuesday. The business’s 50 day moving average is $164.42 and its 200 day moving average is $167.31. The company has a current ratio of 0.76, a quick ratio of 0.55 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 has a market capitalization of $386.33 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is 66.98%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PG shares. Raymond James reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $178.52.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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.