NovaPoint Capital LLC Has $4.07 Million Holdings in The Procter & Gamble Company (NYSE:PG)

NovaPoint Capital LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,258 shares of the company’s stock after buying an additional 907 shares during the period. Procter & Gamble comprises approximately 1.2% of NovaPoint Capital LLC’s portfolio, making the stock its 28th biggest position. NovaPoint Capital LLC’s holdings in Procter & Gamble were worth $4,067,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock worth $639,730,000 after buying an additional 3,674,286 shares during the period. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Procter & Gamble in the 3rd quarter valued at approximately $301,950,000. Finally, AMF Tjanstepension AB lifted its holdings in shares of Procter & Gamble by 416.1% during the third quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after acquiring an additional 1,466,115 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procter & Gamble 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 0.0 %

Shares of NYSE:PG opened at $168.96 on Friday. The stock has a market capitalization of $396.18 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The stock’s 50-day moving average price is $167.74 and its 200-day moving average price is $169.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 earnings per share. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PG shares. DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group reduced their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Evercore ISI lifted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble 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.