5,039 Shares in The Procter & Gamble Company (NYSE:PG) Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,039 shares of the company’s stock, valued at approximately $845,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Procter & Gamble by 7.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 72,978 shares of the company’s stock worth $12,235,000 after buying an additional 4,752 shares in the last quarter. Trek Financial LLC boosted its stake in Procter & Gamble by 147.1% during the 4th quarter. Trek Financial LLC now owns 5,809 shares of the company’s stock valued at $974,000 after acquiring an additional 3,458 shares during the last quarter. Garrison Point Advisors LLC grew its holdings in Procter & Gamble by 363.4% during the 4th quarter. Garrison Point Advisors LLC now owns 29,313 shares of the company’s stock worth $4,914,000 after acquiring an additional 22,988 shares in the last quarter. Ashburton Jersey Ltd bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $7,468,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Procter & Gamble by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 184,551 shares of the company’s stock valued at $30,940,000 after purchasing an additional 1,581 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 5.0 %

PG opened at $163.73 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock’s 50 day moving average price is $169.17 and its 200 day moving average price is $169.12. The stock has a market cap of $383.92 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by company insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.