Castle Wealth Management LLC Grows Holdings in The Procter & Gamble Company (NYSE:PG)

Castle Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,341 shares of the company’s stock after purchasing an additional 439 shares during the quarter. Castle Wealth Management LLC’s holdings in Procter & Gamble were worth $1,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Consolidated Planning Corp boosted its holdings in Procter & Gamble by 859.9% during the fourth quarter. Consolidated Planning Corp now owns 32,225 shares of the company’s stock worth $5,403,000 after purchasing an additional 28,868 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its holdings in Procter & Gamble by 5.5% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 14,212 shares of the company’s stock worth $2,383,000 after purchasing an additional 741 shares during the last quarter. Warren Street Wealth Advisors LLC boosted its holdings in Procter & Gamble by 13.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 3,700 shares of the company’s stock worth $620,000 after purchasing an additional 433 shares during the last quarter. Hidden Cove Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $306,000. Finally, Three Bridge Wealth Advisors LLC boosted its stake in Procter & Gamble by 18.7% in the fourth quarter. Three Bridge Wealth Advisors LLC now owns 2,624 shares of the company’s stock valued at $440,000 after acquiring an additional 413 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. UBS Group dropped their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Price Performance

PG stock opened at $169.58 on Thursday. 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 one year low of $153.52 and a one year high of $180.43. The stock has a market cap of $397.64 billion, a PE ratio of 27.00, a P/E/G ratio of 3.79 and a beta of 0.45. The firm has a 50 day simple moving average of $166.94 and a two-hundred day simple moving average of $169.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’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 $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.