Sowell Financial Services LLC Grows Position in Procter & Gamble Company (The) $PG

Sowell Financial Services LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,798 shares of the company’s stock after purchasing an additional 4,054 shares during the period. Sowell Financial Services LLC’s holdings in Procter & Gamble were worth $5,274,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PG. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $25,000. Saranac Partners Ltd purchased a new stake in shares of Procter & Gamble in the third quarter worth approximately $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Caitlin John LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at $34,000. Finally, Marquette Asset Management LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at $37,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 182,607 shares in the company, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares of the company’s stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the stock 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. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. 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 research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $167.06.

Procter & Gamble Trading Down 0.0%

Shares of NYSE PG opened at $143.06 on Monday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. The firm has a market cap 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. The business has a fifty day simple moving average of $153.57 and a two-hundred day simple moving average of $149.56. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

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

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.