The Procter & Gamble Company (NYSE:PG) Stock Holdings Lifted by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners raised its stake in The Procter & Gamble Company (NYSE:PG) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,260 shares of the company’s stock after buying an additional 705 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Procter & Gamble were worth $2,894,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fiera Capital Corp raised its stake in 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 period. Granite FO LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $371,000. William B. Walkup & Associates Inc. acquired a new stake in Procter & Gamble during the 2nd quarter valued at $58,000. Wallace Advisory Group LLC raised its stake 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 purchasing an additional 144 shares during the period. Finally, Second Line Capital LLC raised its stake in 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 purchasing an additional 597 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related 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 value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,097 shares of company stock valued at $25,635,076. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 3.3 %

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

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current 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 given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PG shares. Evercore ISI boosted their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group lowered their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays boosted their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. Finally, DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.53.

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.