The Procter & Gamble Company (NYSE:PG) Shares Bought by Novare Capital Management LLC

Novare Capital Management LLC raised its position in The Procter & Gamble Company (NYSE:PGFree Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,352 shares of the company’s stock after acquiring an additional 485 shares during the quarter. Novare Capital Management LLC’s holdings in Procter & Gamble were worth $1,568,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PG. Fiera Capital Corp boosted its stake 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 buying an additional 19,013 shares during the last quarter. Granite FO LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $371,000. William B. Walkup & Associates Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $58,000. Wallace Advisory Group LLC boosted its stake in shares of 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 during the last quarter. Finally, Second Line Capital LLC boosted its stake 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 valued at $460,000 after buying an additional 597 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $169.57 on Tuesday. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm’s 50-day simple moving average is $168.85 and its 200 day simple moving average is $169.39. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock has a market cap of $399.34 billion, a P/E ratio of 27.00, a P/E/G ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same period in the previous year, the business earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. UBS Group reduced their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $180.53.

View Our Latest Research Report on PG

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at approximately $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 three months, insiders have sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

(Free Report)

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.

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

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