Oxbow Advisors LLC Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Oxbow Advisors LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,368 shares of the company’s stock after purchasing an additional 451 shares during the quarter. Oxbow Advisors LLC’s holdings in Procter & Gamble were worth $1,738,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Winebrenner Capital Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $1,978,000. Prentice Wealth Management LLC grew its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Prentice Wealth Management LLC now owns 4,350 shares of the company’s stock worth $729,000 after buying an additional 215 shares during the last quarter. Bell Bank grew its holdings in shares of Procter & Gamble by 2.4% during the fourth quarter. Bell Bank now owns 10,122 shares of the company’s stock worth $1,697,000 after buying an additional 234 shares during the last quarter. Greystone Financial Group LLC grew its holdings in shares of Procter & Gamble by 4.5% during the fourth quarter. Greystone Financial Group LLC now owns 40,029 shares of the company’s stock worth $6,711,000 after buying an additional 1,739 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. grew its holdings in shares of Procter & Gamble by 58.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 17,583 shares of the company’s stock worth $2,948,000 after buying an additional 6,471 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research reports. UBS Group lowered their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Eight research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Price Performance

PG stock opened at $170.17 on Friday. The firm has a 50 day moving average of $166.04 and a 200-day moving average of $169.44. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market cap of $399.02 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 3.76 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was 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 (DPR) is 64.17%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business’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 transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated 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 owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.