The Procter & Gamble Company (NYSE:PG) Shares Bought by Wallace Capital Management Inc.

Wallace Capital Management Inc. increased its stake in The Procter & Gamble Company (NYSE:PG) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,305 shares of the company’s stock after acquiring an additional 1,812 shares during the period. Procter & Gamble makes up 0.6% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 21st largest position. Wallace Capital Management Inc.’s holdings in Procter & Gamble were worth $4,578,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. NewSquare Capital LLC grew its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Navigoe LLC purchased a new stake in Procter & Gamble during the 4th quarter worth $31,000. Hoey Investments Inc. increased its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,520 shares of company stock worth $10,999,268 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Raymond James dropped their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $178.52.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $164.78 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a fifty day moving average price of $164.42 and a two-hundred day moving average price of $167.31. The company has a market cap of $386.33 billion, a PE ratio of 26.24, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.57%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

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.