Allen Mooney & Barnes Investment Advisors LLC Buys 1,220 Shares of The Procter & Gamble Company (NYSE:PG)

Allen Mooney & Barnes Investment Advisors LLC lifted its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,042 shares of the company’s stock after buying an additional 1,220 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,472,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Proquility Private Wealth Partners LLC boosted its stake in Procter & Gamble by 1.1% during the second quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock worth $912,000 after acquiring an additional 66 shares in the last quarter. KFA Private Wealth Group LLC lifted its stake in shares of Procter & Gamble by 2.2% in the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after buying an additional 67 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after buying an additional 67 shares in the last quarter. Watchman Group Inc. lifted its stake in shares of Procter & Gamble by 0.4% in the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after buying an additional 68 shares in the last quarter. Finally, Auxier Asset Management lifted its stake in shares of Procter & Gamble by 0.3% in the third quarter. Auxier Asset Management now owns 20,448 shares of the company’s stock valued at $2,983,000 after buying an additional 68 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays raised their price objective on shares of Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Raymond James raised their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Check Out Our Latest Analysis on PG

Procter & Gamble Price Performance

PG opened at $160.47 on Tuesday. The company has a market capitalization of $377.59 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.31 and a beta of 0.44. 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 50-day moving average price of $158.99 and a 200-day moving average price of $152.28. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were given a $0.9407 dividend. The ex-dividend date 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 (DPR) is currently 62.98%.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is owned by company insiders.

Procter & Gamble Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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