Leo Wealth LLC Increases Position in Procter & Gamble Company (The) $PG

Leo Wealth LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 92.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,847 shares of the company’s stock after acquiring an additional 6,637 shares during the period. Leo Wealth LLC’s holdings in Procter & Gamble were worth $1,984,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Procter & Gamble by 0.6% during the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. State Street Corp increased its stake in Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after purchasing an additional 370,872 shares during the last quarter. Franklin Resources Inc. lifted its position in Procter & Gamble by 8.3% during the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock worth $3,510,955,000 after buying an additional 1,752,481 shares during the period. Legal & General Group Plc lifted its position in Procter & Gamble by 1.2% during the third quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock worth $2,543,839,000 after buying an additional 189,968 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Procter & Gamble by 0.4% in the 3rd quarter. Fisher Asset Management LLC now owns 11,008,454 shares of the company’s stock worth $1,691,449,000 after buying an additional 40,941 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on PG shares. Rothschild & Co Redburn lifted their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Barclays set a $155.00 target price on shares of Procter & Gamble in a research report on Friday, January 16th. UBS Group boosted their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.06.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $143.06 on Monday. The company has a market cap of $332.46 billion, a price-to-earnings 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. 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 stock’s 50-day moving average is $153.57 and its 200-day moving average is $149.56.

Procter & Gamble (NYSE:PG) last issued its 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. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current 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 given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 62.67%.

Insiders Place Their Bets

In related news, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is owned by company insiders.

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.