Abel Hall LLC Acquires Shares of 1,562 The Procter & Gamble Company (NYSE:PG)

Abel Hall LLC acquired a new stake in shares of The Procter & Gamble Company (NYSE:PG) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,562 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors have also added to or reduced their stakes in the company. Syon Capital LLC increased its holdings in shares of Procter & Gamble by 66.3% during the fourth quarter. Syon Capital LLC now owns 26,178 shares of the company’s stock worth $3,836,000 after buying an additional 10,432 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of Procter & Gamble by 15.1% during the fourth quarter. Centaurus Financial Inc. now owns 11,289 shares of the company’s stock worth $1,654,000 after buying an additional 1,482 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in shares of Procter & Gamble by 0.5% during the fourth quarter. Integrated Advisors Network LLC now owns 24,242 shares of the company’s stock worth $3,552,000 after buying an additional 114 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $1,403,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Procter & Gamble during the fourth quarter worth $240,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.2 %

Shares of PG stock traded up $0.38 on Friday, reaching $166.79. 3,694,974 shares of the company were exchanged, compared to its average volume of 4,965,412. The company has a market cap of $393.65 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.38 and a beta of 0.42. The company has a 50-day moving average of $163.40 and a 200-day moving average of $157.46. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. Analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.85%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PG shares. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Jefferies Financial Group increased their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays increased their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.76.

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.