Financial Advocates Investment Management Has $4.40 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Financial Advocates Investment Management decreased its position in The Procter & Gamble Company (NYSE:PG) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,232 shares of the company’s stock after selling 3,103 shares during the period. Financial Advocates Investment Management’s holdings in Procter & Gamble were worth $4,398,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Beacon Financial Advisory LLC boosted its position in shares of Procter & Gamble by 8.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 2,859 shares of the company’s stock valued at $479,000 after acquiring an additional 211 shares in the last quarter. Adero Partners LLC lifted its stake in Procter & Gamble by 35.5% during the fourth quarter. Adero Partners LLC now owns 7,211 shares of the company’s stock worth $1,209,000 after purchasing an additional 1,889 shares during the period. YANKCOM Partnership acquired a new stake in Procter & Gamble during the fourth quarter valued at approximately $1,313,000. Bleakley Financial Group LLC grew its stake in shares of Procter & Gamble by 8.1% in the 4th quarter. Bleakley Financial Group LLC now owns 90,588 shares of the company’s stock valued at $15,187,000 after purchasing an additional 6,772 shares during the period. Finally, Centennial Wealth Advisory LLC raised its holdings in shares of Procter & Gamble by 3.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,074 shares of the company’s stock worth $683,000 after buying an additional 122 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on 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 transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,097 shares of company stock worth $25,635,076. Insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $168.96 on Friday. The company has a market cap of $396.18 billion, a PE ratio of 26.90, a PEG ratio of 3.73 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company’s 50-day moving average is $167.74 and its two-hundred day moving average is $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley raised their price objective 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. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target 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.