Chicago Partners Investment Group LLC Buys 372 Shares of The Procter & Gamble Company (NYSE:PG)

Chicago Partners Investment Group LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,573 shares of the company’s stock after purchasing an additional 372 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Procter & Gamble were worth $4,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advantage Trust Co bought a new position in Procter & Gamble in the 4th quarter worth about $28,000. Wyrmwood Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $29,000. Naples Money Management LLC bought a new position in Procter & Gamble in the 4th quarter worth about $29,000. Criterion Capital Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Procter & Gamble in the 4th quarter worth about $33,000. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Finally, Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Up 0.2 %

PG stock traded up $0.38 on Friday, reaching $166.79. 3,694,974 shares of the company traded hands, compared to its average volume of 4,965,412. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97. 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 company has a market cap of $393.65 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.42. The firm has a fifty day simple moving average of $163.40 and a 200-day simple moving average of $157.46.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total value of $1,534,470.28. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,168,451.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock valued at $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Company 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.