The Procter & Gamble Company (NYSE:PG) Stock Position Increased by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in The Procter & Gamble Company (NYSE:PG) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,318 shares of the company’s stock after purchasing an additional 2,421 shares during the period. Ritholtz Wealth Management’s holdings in Procter & Gamble were worth $13,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the second quarter valued at $28,000. RPg Family Wealth Advisory LLC acquired a new position in Procter & Gamble during the 3rd quarter valued at about $33,000. Quest Partners LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter worth about $36,000. Costello Asset Management INC lifted its stake in shares of Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after acquiring an additional 300 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $58,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction 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 transaction, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 1,992 shares of Procter & Gamble stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. The trade was a 12.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PG shares. Wells Fargo & Company dropped their target price on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley raised their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. UBS Group lowered their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Friday. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Friday, December 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.65.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE PG opened at $161.35 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a one year low of $146.28 and a one year high of $180.43. The business has a 50-day moving average price of $169.32 and a two-hundred day moving average price of $169.39. The firm has a market capitalization of $379.98 billion, a PE ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. During the same period last year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

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.