Advocate Group LLC Purchases 4,135 Shares of Procter & Gamble Company (The) $PG

Advocate Group LLC increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,123 shares of the company’s stock after buying an additional 4,135 shares during the quarter. Advocate Group LLC’s holdings in Procter & Gamble were worth $8,043,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 348,618 shares of company stock worth $55,462,643 over the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $143.06 on Friday. The firm’s 50 day moving average is $153.57 and its 200-day moving average is $149.64. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $332.46 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 5.04 and a beta of 0.41. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $174.80.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid 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 was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PG shares. Erste Group Bank cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Rothschild & Co Redburn increased their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.06.

Procter & Gamble 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.