The Procter & Gamble Company (NYSE:PG) Shares Purchased by Rede Wealth LLC

Rede Wealth LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,524 shares of the company’s stock after buying an additional 73 shares during the quarter. Procter & Gamble makes up 0.5% of Rede Wealth LLC’s holdings, making the stock its 28th largest holding. Rede Wealth LLC’s holdings in Procter & Gamble were worth $956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Procter & Gamble by 0.8% during the second quarter. State Street Corp now owns 103,104,467 shares of the company’s stock valued at $15,645,072,000 after buying an additional 817,674 shares during the period. Geode Capital Management LLC lifted its stake in shares of Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock worth $6,936,343,000 after buying an additional 510,559 shares in the last quarter. Morgan Stanley lifted its stake in shares of Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after buying an additional 4,959,527 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after buying an additional 38,495,676 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Procter & Gamble by 9.4% in the third quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after buying an additional 3,047,557 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.2 %

Shares of Procter & Gamble stock opened at $160.53 on Wednesday. The company has a market cap of $377.73 billion, a P/E ratio of 26.89, a PEG ratio of 3.27 and a beta of 0.44. The firm has a fifty day moving average of $157.95 and a two-hundred day moving average of $152.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.64. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $162.73.

Procter & Gamble (NYSE:PG) last issued its 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. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same period in the prior year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a $0.9407 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.34%. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Analyst Ratings Changes

A number of brokerages have commented on PG. UBS Group lifted their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Barclays lifted their target price on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Raymond James boosted their price objective on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

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.