Partners Wealth Management LLC Acquires New Stake in The Procter & Gamble Company (NYSE:PG)

Partners Wealth Management LLC acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,987 shares of the company’s stock, valued at approximately $1,004,000. Procter & Gamble accounts for 1.1% of Partners Wealth Management LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Black Diamond Financial LLC increased its holdings in Procter & Gamble by 74.8% during the 4th quarter. Black Diamond Financial LLC now owns 6,161 shares of the company’s stock worth $1,033,000 after purchasing an additional 2,637 shares during the period. BCGM Wealth Management LLC increased its holdings in Procter & Gamble by 29.4% during the 4th quarter. BCGM Wealth Management LLC now owns 2,793 shares of the company’s stock worth $468,000 after purchasing an additional 634 shares during the period. South Dakota Investment Council increased its holdings in Procter & Gamble by 36.4% during the 4th quarter. South Dakota Investment Council now owns 38,729 shares of the company’s stock worth $6,493,000 after purchasing an additional 10,338 shares during the period. World Equity Group Inc. increased its holdings in Procter & Gamble by 186.5% during the 4th quarter. World Equity Group Inc. now owns 20,796 shares of the company’s stock worth $3,486,000 after purchasing an additional 13,538 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Procter & Gamble by 6.9% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 742,434 shares of the company’s stock worth $124,469,000 after purchasing an additional 47,600 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.8 %

Shares of PG stock opened at $170.17 on Monday. The company has a market capitalization of $399.02 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. 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 business’s 50 day moving average is $166.04 and its two-hundred day moving average is $169.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s payout ratio is currently 64.01%.

Insiders Place Their Bets

In other Procter & Gamble 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 transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays upped their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report 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. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.