Maltin Wealth Management Inc. Buys 71 Shares of The Procter & Gamble Company (NYSE:PG)

Maltin Wealth Management Inc. grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,269 shares of the company’s stock after acquiring an additional 71 shares during the period. Maltin Wealth Management Inc.’s holdings in Procter & Gamble were worth $213,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bridgewater Advisors Inc. grew its holdings in Procter & Gamble by 2.6% during the fourth quarter. Bridgewater Advisors Inc. now owns 18,963 shares of the company’s stock valued at $3,029,000 after purchasing an additional 479 shares during the period. True Link Financial Advisors LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth $278,000. Strong Tower Advisory Services increased its holdings in Procter & Gamble by 12.0% in the 4th quarter. Strong Tower Advisory Services now owns 12,068 shares of the company’s stock worth $2,023,000 after acquiring an additional 1,297 shares during the last quarter. M.E. Allison & CO. Inc. bought a new stake in Procter & Gamble in the 4th quarter valued at about $1,533,000. Finally, Thrive Wealth Management LLC lifted its holdings in Procter & Gamble by 12.8% during the fourth quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock valued at $2,850,000 after purchasing an additional 1,929 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Friday, December 27th. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus dropped their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Friday. Wells Fargo & Company reduced their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Procter & Gamble Stock Performance

NYSE:PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The business has a 50 day moving average of $169.19 and a 200 day moving average of $169.46. The company has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of Procter & Gamble stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,447 shares of company stock worth $12,978,820. Company insiders own 0.18% of the company’s stock.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.