NuWave Investment Management LLC Raises Position in Procter & Gamble Co (PG)

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NuWave Investment Management LLC boosted its holdings in Procter & Gamble Co (NYSE:PG) by 5,075.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,070 shares of the company’s stock after buying an additional 2,030 shares during the period. NuWave Investment Management LLC’s holdings in Procter & Gamble were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Eukles Asset Management bought a new position in Procter & Gamble during the 4th quarter worth approximately $80,000. Mackey Komara & Dankovich LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $94,000. Ayalon Holdings Ltd. bought a new position in Procter & Gamble during the 3rd quarter worth approximately $108,000. First Mercantile Trust Co. bought a new position in Procter & Gamble during the 3rd quarter worth approximately $111,000. Finally, Willingdon Wealth Management raised its holdings in Procter & Gamble by 4,668.6% during the 3rd quarter. Willingdon Wealth Management now owns 1,669 shares of the company’s stock worth $139,000 after purchasing an additional 1,634 shares during the last quarter. Institutional investors and hedge funds own 61.76% of the company’s stock.

In related news, SVP Valarie L. Sheppard sold 1,236 shares of Procter & Gamble stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $100.12, for a total value of $123,748.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary A. Coombe sold 9,000 shares of Procter & Gamble stock in a transaction on Monday, January 28th. The shares were sold at an average price of $93.90, for a total transaction of $845,100.00. Following the completion of the sale, the insider now directly owns 18,517 shares of the company’s stock, valued at approximately $1,738,746.30. The disclosure for this sale can be found here. In the last three months, insiders sold 2,270,496 shares of company stock valued at $224,931,027. 1.84% of the stock is currently owned by insiders.

NYSE PG opened at $106.42 on Wednesday. Procter & Gamble Co has a 12-month low of $70.73 and a 12-month high of $106.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61. The firm has a market capitalization of $266.55 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 3.42 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Procter & Gamble had a net margin of 16.13% and a return on equity of 21.41%. The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same quarter last year, the firm posted $1.19 EPS. Procter & Gamble’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts expect that Procter & Gamble Co will post 4.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $0.7459 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $2.98 annualized dividend and a yield of 2.80%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

Several analysts have recently commented on PG shares. Zacks Investment Research raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Wednesday, December 19th. Barclays reaffirmed a “hold” rating and set a $89.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 8th. Bank of America reaffirmed a “buy” rating and set a $108.00 price objective on shares of Procter & Gamble in a research report on Tuesday, January 8th. Evercore ISI started coverage on shares of Procter & Gamble in a research report on Thursday, January 10th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $97.74.

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Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

Read More: Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Co (NYSE:PG).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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