Procter & Gamble Company (The) $PG Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 62.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,050 shares of the company’s stock after buying an additional 59,010 shares during the period. Procter & Gamble comprises 0.7% of Savvy Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. Savvy Advisors Inc.’s holdings in Procter & Gamble were worth $21,934,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble in the third quarter worth $25,000. Saranac Partners Ltd acquired a new stake in shares of Procter & Gamble in the third quarter valued at $30,000. Corundum Trust Company INC purchased a new position in Procter & Gamble in the third quarter valued at $32,000. Caitlin John LLC acquired a new position in Procter & Gamble during the 3rd quarter worth $34,000. Finally, Marquette Asset Management LLC acquired a new position in Procter & Gamble during the 3rd quarter worth $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

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

Procter & Gamble Trading Down 0.0%

NYSE:PG opened at $143.06 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The stock has a market cap of $332.46 billion, a P/E ratio of 21.19, a P/E/G ratio of 5.04 and a beta of 0.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock has a 50-day simple moving average of $153.57 and a 200-day simple moving average of $149.64.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is currently 62.67%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. TD Cowen cut their target price on shares of Procter & Gamble from $156.00 to $142.00 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday, February 17th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.06.

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.