Wingate Wealth Advisors Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Wingate Wealth Advisors Inc. purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,506 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. raised its stake in Procter & Gamble by 0.5% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 848,814 shares of the company’s stock valued at $142,304,000 after acquiring an additional 3,890 shares during the period. Elevate Capital Advisors LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $1,945,000. DecisionPoint Financial LLC boosted its holdings in Procter & Gamble by 46.7% in the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after buying an additional 105 shares during the period. Angeles Wealth Management LLC raised its holdings in Procter & Gamble by 12.3% during the 4th quarter. Angeles Wealth Management LLC now owns 6,956 shares of the company’s stock valued at $1,166,000 after acquiring an additional 760 shares during the period. Finally, Stiles Financial Services Inc lifted its position in shares of Procter & Gamble by 0.5% during the fourth quarter. Stiles Financial Services Inc now owns 22,639 shares of the company’s stock worth $3,796,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PG shares. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Eight investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $167.99 on Monday. The stock has a market capitalization of $393.91 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a fifty day moving average of $167.30 and a 200-day moving average of $169.42. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced 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. 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 for the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the firm earned $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Insider Transactions 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 transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.