Procter & Gamble Company (The) $PG Shares Acquired by CCM Investment Advisers LLC

CCM Investment Advisers LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,609 shares of the company’s stock after purchasing an additional 4,551 shares during the period. CCM Investment Advisers LLC’s holdings in Procter & Gamble were worth $14,848,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Stokes Capital Advisors LLC boosted its position in shares of Procter & Gamble by 19.3% in the 4th quarter. Stokes Capital Advisors LLC now owns 62,077 shares of the company’s stock valued at $8,896,000 after purchasing an additional 10,021 shares during the period. Central Valley Advisors LLC raised its holdings in Procter & Gamble by 4.3% during the 4th quarter. Central Valley Advisors LLC now owns 3,977 shares of the company’s stock worth $570,000 after buying an additional 164 shares during the period. Heartwood Wealth Advisors LLC lifted its stake in Procter & Gamble by 5.8% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 10,715 shares of the company’s stock valued at $1,536,000 after buying an additional 589 shares in the last quarter. Czech National Bank lifted its stake in Procter & Gamble by 3.6% during the fourth quarter. Czech National Bank now owns 616,162 shares of the company’s stock valued at $88,302,000 after buying an additional 21,248 shares in the last quarter. Finally, First Bank & Trust boosted its holdings in shares of Procter & Gamble by 6.0% in the fourth quarter. First Bank & Trust now owns 1,744 shares of the company’s stock worth $250,000 after buying an additional 99 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the sale, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Rothschild & Co Redburn raised their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Finally, Erste Group Bank lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Price Performance

NYSE PG opened at $143.80 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm has a market capitalization of $334.18 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 4.79 and a beta of 0.37. The company has a 50 day simple moving average of $154.01 and a 200-day simple moving average of $150.36. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 62.52%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.