McCarthy & Cox Has $234,000 Position in The Procter & Gamble Company (NYSE:PG)

McCarthy & Cox grew its position in The Procter & Gamble Company (NYSE:PG) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,398 shares of the company’s stock after purchasing an additional 122 shares during the period. McCarthy & Cox’s holdings in Procter & Gamble were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp raised its holdings in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after buying an additional 19,013 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Procter & Gamble by 9.8% during the second quarter. Westwood Holdings Group Inc. now owns 7,863 shares of the company’s stock worth $1,297,000 after acquiring an additional 705 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Procter & Gamble during the second quarter worth $28,000. EverSource Wealth Advisors LLC lifted its position in Procter & Gamble by 36.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,632 shares of the company’s stock valued at $2,352,000 after acquiring an additional 3,932 shares in the last quarter. Finally, Harmony Asset Management LLC boosted its stake in Procter & Gamble by 23.9% in the 2nd quarter. Harmony Asset Management LLC now owns 2,402 shares of the company’s stock worth $396,000 after purchasing an additional 464 shares during the period. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,447 shares of company stock worth $12,978,820 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.5 %

Procter & Gamble stock opened at $161.35 on Tuesday. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The stock has a market cap of $379.98 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The company’s 50-day moving average price is $169.19 and its two-hundred day moving average price is $169.46. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 EPS. As a group, analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is 69.48%.

Analyst Ratings Changes

Several analysts have issued reports on PG shares. Wells Fargo & Company dropped their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Barclays decreased their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

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.