Fourth Dimension Wealth LLC Purchases Shares of 1,987 The Procter & Gamble Company (NYSE:PG)

Fourth Dimension Wealth LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,987 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds have also made changes to their positions in PG. Breed s Hill Capital LLC grew its stake in shares of Procter & Gamble by 58.4% in the 4th quarter. Breed s Hill Capital LLC now owns 3,144 shares of the company’s stock valued at $527,000 after purchasing an additional 1,159 shares during the last quarter. Vise Technologies Inc. raised its position in Procter & Gamble by 84.5% in the fourth quarter. Vise Technologies Inc. now owns 28,636 shares of the company’s stock worth $4,801,000 after acquiring an additional 13,117 shares in the last quarter. Retirement Planning Group LLC raised its position in Procter & Gamble by 1.4% in the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock worth $789,000 after acquiring an additional 64 shares in the last quarter. Blue Fin Capital Inc. raised its position in Procter & Gamble by 2.0% in the fourth quarter. Blue Fin Capital Inc. now owns 10,456 shares of the company’s stock worth $1,753,000 after acquiring an additional 200 shares in the last quarter. Finally, City National Bank of Florida MSD acquired a new position in Procter & Gamble during the fourth quarter worth $301,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.2%

Shares of PG opened at $165.05 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 stock’s 50-day moving average price is $164.22 and its 200 day moving average price is $167.29. The firm has a market capitalization of $386.97 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced 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 business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PG shares. Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Raymond James lowered their price target 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. UBS Group restated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.52.

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.