Steward Partners Investment Advisory LLC Has $48.82 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Steward Partners Investment Advisory LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 291,204 shares of the company’s stock after purchasing an additional 9,429 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Procter & Gamble were worth $48,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wernau Asset Management Inc. bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $2,475,000. Meridian Wealth Management LLC grew its stake in shares of Procter & Gamble by 1.1% during the fourth quarter. Meridian Wealth Management LLC now owns 58,796 shares of the company’s stock worth $9,857,000 after purchasing an additional 644 shares during the period. Kelly Financial Group LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $746,000. Detalus Advisors LLC increased its holdings in Procter & Gamble by 3.8% in the fourth quarter. Detalus Advisors LLC now owns 7,853 shares of the company’s stock valued at $1,317,000 after purchasing an additional 288 shares during the last quarter. Finally, Auxano Advisors LLC increased its holdings in Procter & Gamble by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 7,217 shares of the company’s stock valued at $1,210,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus upped their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Procter & Gamble Stock Performance

PG stock opened at $175.50 on Tuesday. The stock has a 50-day moving average price of $166.44 and a 200-day moving average price of $169.61. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. 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 firm has a market cap of $411.52 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is 64.01%.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s 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 completion of the sale, 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 143,450 shares of company stock valued at $23,988,008 in the last three months. 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.