Avion Wealth Boosts Stake in The Procter & Gamble Company (NYSE:PG)

Avion Wealth boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 834 shares of the company’s stock after purchasing an additional 394 shares during the period. Avion Wealth’s holdings in Procter & Gamble were worth $139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jmac Enterprises LLC raised its stake in shares of Procter & Gamble by 5.8% in the 4th quarter. Jmac Enterprises LLC now owns 14,963 shares of the company’s stock valued at $2,509,000 after purchasing an additional 814 shares in the last quarter. Kentucky Trust Co bought a new stake in Procter & Gamble in the fourth quarter valued at about $4,806,000. Viewpoint Capital Management LLC lifted its holdings in Procter & Gamble by 5.5% during the 4th quarter. Viewpoint Capital Management LLC now owns 20,817 shares of the company’s stock worth $3,490,000 after buying an additional 1,076 shares during the last quarter. Capital Advisors Inc. OK grew its position in shares of Procter & Gamble by 2.6% in the 4th quarter. Capital Advisors Inc. OK now owns 322,979 shares of the company’s stock worth $54,147,000 after acquiring an additional 8,290 shares in the last quarter. Finally, Certuity LLC increased its holdings in shares of Procter & Gamble by 5.8% in the 4th quarter. Certuity LLC now owns 14,409 shares of the company’s stock valued at $2,416,000 after acquiring an additional 784 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $169.53 on Wednesday. The stock’s 50 day moving average price is $167.06 and its 200 day moving average price is $169.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market cap of $397.52 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 3.79 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.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $21.66 billion. During the same period in the previous year, the company earned $1.84 earnings per share. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,097 shares of company stock worth $25,635,076. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PG. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Barclays lifted their target price on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

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.