Blackston Financial Advisory Group LLC Has $1.50 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Blackston Financial Advisory Group LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,950 shares of the company’s stock after buying an additional 185 shares during the period. Procter & Gamble comprises 0.7% of Blackston Financial Advisory Group LLC’s investment portfolio, making the stock its 21st largest holding. Blackston Financial Advisory Group LLC’s holdings in Procter & Gamble were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC lifted its stake in Procter & Gamble by 13.1% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 3,004 shares of the company’s stock worth $504,000 after acquiring an additional 347 shares in the last quarter. PYA Waltman Capital LLC grew its position in Procter & Gamble by 1.2% during the fourth quarter. PYA Waltman Capital LLC now owns 17,881 shares of the company’s stock valued at $2,998,000 after purchasing an additional 213 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in Procter & Gamble by 1.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 18,347 shares of the company’s stock valued at $3,076,000 after buying an additional 322 shares during the period. Grove Street Fiduciary LLC purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $242,000. Finally, Compass Capital Corp MA ADV purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $1,373,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

PG has been the subject of several recent research reports. Barclays lifted their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target 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. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble 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 given a strong buy rating to the company. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Stock Up 1.8 %

PG stock opened at $170.17 on Friday. The business’s 50-day simple moving average is $166.04 and its 200 day simple moving average is $169.44. 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 Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a market cap of $399.02 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

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.