Beaumont Financial Advisors LLC Grows Stock Position in The Procter & Gamble Company (NYSE:PG)

Beaumont Financial Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,503 shares of the company’s stock after buying an additional 303 shares during the period. Beaumont Financial Advisors LLC’s holdings in Procter & Gamble were worth $2,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Emerald Advisors LLC increased its holdings in Procter & Gamble by 1.8% in the 4th quarter. Emerald Advisors LLC now owns 3,775 shares of the company’s stock valued at $553,000 after purchasing an additional 65 shares in the last quarter. O Brien Wealth Partners LLC grew its stake in shares of Procter & Gamble by 3.3% during the fourth quarter. O Brien Wealth Partners LLC now owns 2,062 shares of the company’s stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. KFA Private Wealth Group LLC grew its stake in shares of Procter & Gamble by 2.2% during the third quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after acquiring an additional 67 shares in the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Procter & Gamble by 1.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 5,839 shares of the company’s stock valued at $856,000 after acquiring an additional 67 shares in the last quarter. Finally, Watchman Group Inc. grew its stake in shares of Procter & Gamble by 0.4% during the third quarter. Watchman Group Inc. now owns 18,052 shares of the company’s stock valued at $2,633,000 after acquiring an additional 68 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.0 %

Shares of NYSE:PG traded down $0.01 during trading on Friday, reaching $157.28. 6,357,312 shares of the company traded hands, compared to its average volume of 6,856,039. The firm has a fifty day simple moving average of $159.13 and a 200 day simple moving average of $152.83. The firm has a market cap of $370.08 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same quarter last year, the business posted $1.37 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 67.34%.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares in the company, valued at $149,160.90. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock worth $43,187,745 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Barclays increased their price target on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Procter & Gamble from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.