BIP Wealth LLC Grows Holdings in Procter & Gamble Company (The) $PG

BIP Wealth LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 124.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,938 shares of the company’s stock after buying an additional 11,053 shares during the quarter. BIP Wealth LLC’s holdings in Procter & Gamble were worth $2,857,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PG. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the third quarter worth $25,000. Saranac Partners Ltd bought a new position in Procter & Gamble during the third quarter worth $30,000. Corundum Trust Company INC bought a new position in Procter & Gamble during the third quarter worth $32,000. Caitlin John LLC bought a new position in Procter & Gamble during the third quarter worth $34,000. Finally, Marquette Asset Management LLC bought a new position in Procter & Gamble during the third quarter worth $37,000. 65.77% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays set a $155.00 price objective on Procter & Gamble in a research note on Friday, January 16th. Erste Group Bank cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wells Fargo & Company restated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $166.83.

View Our Latest Analysis on Procter & Gamble

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,827 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This trade represents a 50.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $141.17 on Wednesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $171.65. 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 business’s fifty day moving average price is $153.28 and its two-hundred day moving average price is $149.35. The firm has a market capitalization of $328.07 billion, a PE ratio of 20.91, a P/E/G ratio of 5.04 and a beta of 0.41.

Procter & Gamble (NYSE:PGGet Free Report) 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. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period last year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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