Portfolio Design Labs LLC Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Portfolio Design Labs LLC raised its holdings in The Procter & Gamble Company (NYSE:PG) by 37.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,880 shares of the company’s stock after purchasing an additional 11,420 shares during the quarter. Procter & Gamble accounts for 1.4% of Portfolio Design Labs LLC’s holdings, making the stock its 12th largest holding. Portfolio Design Labs LLC’s holdings in Procter & Gamble were worth $7,021,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PG. Fishman Jay A Ltd. MI increased its holdings in Procter & Gamble by 5.3% in the 4th quarter. Fishman Jay A Ltd. MI now owns 2,400 shares of the company’s stock valued at $402,000 after purchasing an additional 120 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $493,000. Augustine Asset Management Inc. purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $493,000. Quent Capital LLC lifted its stake in Procter & Gamble by 6.1% during the 4th quarter. Quent Capital LLC now owns 12,893 shares of the company’s stock worth $2,162,000 after acquiring an additional 739 shares in the last quarter. Finally, New Republic Capital LLC boosted its holdings in Procter & Gamble by 6.1% during the 4th quarter. New Republic Capital LLC now owns 6,890 shares of the company’s stock valued at $1,155,000 after acquiring an additional 399 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 1.2 %

Shares of Procter & Gamble stock opened at $169.53 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market capitalization of $397.52 billion, a P/E ratio of 26.99, a PEG ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company’s fifty day moving average is $167.06 and its two-hundred day moving average is $169.44.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred 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 directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. 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 over the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PG. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a 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, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $180.53.

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.