Jamison Private Wealth Management Inc. Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Jamison Private Wealth Management Inc. lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,395 shares of the company’s stock after acquiring an additional 1,960 shares during the period. Procter & Gamble accounts for about 1.2% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its 29th biggest holding. Jamison Private Wealth Management Inc.’s holdings in Procter & Gamble were worth $8,281,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fiera Capital Corp boosted its holdings in shares of Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after purchasing an additional 19,013 shares during the last quarter. Granite FO LLC purchased a new stake in shares of Procter & Gamble in the second quarter worth about $371,000. William B. Walkup & Associates Inc. bought a new position in Procter & Gamble during the second quarter valued at approximately $58,000. Wallace Advisory Group LLC grew its holdings in Procter & Gamble by 5.0% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,007 shares of the company’s stock valued at $496,000 after buying an additional 144 shares in the last quarter. Finally, Second Line Capital LLC raised its holdings in shares of Procter & Gamble by 27.2% during the 2nd quarter. Second Line Capital LLC now owns 2,791 shares of the company’s stock worth $460,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 3.3 %

Shares of NYSE PG opened at $169.57 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a 50 day moving average price of $168.85 and a 200 day moving average price of $169.39. The firm has a market capitalization of $399.34 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The firm had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21,657,595.49 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Barclays lifted their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock worth $25,635,076 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Profile

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.