Alliance Wealth Advisors LLC UT Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Alliance Wealth Advisors LLC UT raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 32.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,438 shares of the company’s stock after purchasing an additional 1,333 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Procter & Gamble were worth $912,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vantage Point Financial LLC acquired a new position in Procter & Gamble during the fourth quarter worth $774,000. Optas LLC boosted its holdings in Procter & Gamble by 3.7% during the 4th quarter. Optas LLC now owns 5,731 shares of the company’s stock valued at $961,000 after acquiring an additional 205 shares during the period. GDS Wealth Management grew its position in Procter & Gamble by 46.9% in the 4th quarter. GDS Wealth Management now owns 23,915 shares of the company’s stock valued at $4,009,000 after acquiring an additional 7,640 shares in the last quarter. Holistic Planning LLC increased its stake in Procter & Gamble by 0.6% during the fourth quarter. Holistic Planning LLC now owns 16,868 shares of the company’s stock worth $2,828,000 after purchasing an additional 106 shares during the period. Finally, Financial Life Planners purchased a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $74,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $168.90 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $396.05 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.45. The stock’s fifty day simple moving average is $168.34 and its 200-day simple moving average is $169.41. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.38%. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group cut their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Profile

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.