1,826 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,826 shares of the company’s stock, valued at approximately $306,000.

Other hedge funds have also recently made changes to their positions in the company. Three Bridge Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 18.7% during the 4th quarter. Three Bridge Wealth Advisors LLC now owns 2,624 shares of the company’s stock valued at $440,000 after acquiring an additional 413 shares during the last quarter. Van ECK Associates Corp lifted its position in Procter & Gamble by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 466,497 shares of the company’s stock valued at $78,208,000 after purchasing an additional 44,163 shares during the last quarter. MontVue Capital Management Inc. purchased a new position in Procter & Gamble in the 4th quarter worth approximately $228,000. Retirement Guys Formula LLC increased its holdings in shares of Procter & Gamble by 16.6% in the 4th quarter. Retirement Guys Formula LLC now owns 7,181 shares of the company’s stock worth $1,204,000 after buying an additional 1,021 shares during the last quarter. Finally, Avion Wealth raised its position in shares of Procter & Gamble by 89.5% during the 4th quarter. Avion Wealth now owns 834 shares of the company’s stock valued at $139,000 after buying an additional 394 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.1 %

Shares of Procter & Gamble stock opened at $169.58 on Thursday. 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 12-month low of $153.52 and a 12-month high of $180.43. The company has a market cap of $397.64 billion, a P/E ratio of 27.00, a PEG ratio of 3.79 and a beta of 0.45. The company’s fifty day simple moving average is $166.94 and its two-hundred day simple moving average is $169.44.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. 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 payout ratio is presently 64.17%.

Insider Activity at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PG shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Evercore ISI upped their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. 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 report on Thursday, January 16th. Barclays boosted their target price 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. Finally, DA Davidson reiterated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Eight 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’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.