The Procter & Gamble Company (NYSE:PG) Shares Purchased by Echo45 Advisors LLC

Echo45 Advisors LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,653 shares of the company’s stock after acquiring an additional 161 shares during the quarter. Echo45 Advisors LLC’s holdings in Procter & Gamble were worth $242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $29,000. Mendota Financial Group LLC grew its stake in Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Procter & Gamble in the 2nd quarter valued at $50,000. Morton Brown Family Wealth LLC boosted its stake in Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after purchasing an additional 281 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in Procter & Gamble by 49.7% during the 4th quarter. Activest Wealth Management now owns 455 shares of the company’s stock worth $67,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, January 18th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Procter & Gamble Trading Up 0.1 %

NYSE:PG traded up $0.20 on Thursday, reaching $157.16. 7,812,560 shares of the company’s stock were exchanged, compared to its average volume of 6,858,717. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $369.80 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44. The business has a fifty day moving average of $159.16 and a 200-day moving average of $152.80. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.56%. Procter & Gamble’s payout ratio is currently 62.98%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at $768,256.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.