Mayflower Financial Advisors LLC Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Mayflower Financial Advisors LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,966 shares of the company’s stock after buying an additional 218 shares during the period. Mayflower Financial Advisors LLC’s holdings in Procter & Gamble were worth $2,844,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PG. Dana Investment Advisors Inc. raised its stake in Procter & Gamble by 3.0% during the 2nd quarter. Dana Investment Advisors Inc. now owns 38,429 shares of the company’s stock worth $6,338,000 after acquiring an additional 1,125 shares during the period. RiverFront Investment Group LLC raised its position in shares of Procter & Gamble by 2.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 26,383 shares of the company’s stock valued at $4,351,000 after purchasing an additional 698 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $1,782,000. Centennial Bank AR boosted its holdings in Procter & Gamble by 4.6% in the 2nd quarter. Centennial Bank AR now owns 2,435 shares of the company’s stock worth $403,000 after buying an additional 108 shares during the period. Finally, Brown Financial Advisors purchased a new stake in Procter & Gamble in the 2nd quarter worth $2,003,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s 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 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 filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock worth $25,635,076 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PG. Stifel Nicolaus boosted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI upped their target price on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, UBS Group reduced 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. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Get Our Latest Report on Procter & Gamble

Procter & Gamble Stock Up 0.1 %

NYSE PG opened at $166.34 on Thursday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm has a market capitalization of $391.74 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.69 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $168.74 and a two-hundred day moving average of $169.41.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data 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. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same period in the prior year, the company posted $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

Procter & Gamble Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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