Syntegra Private Wealth Group LLC Buys 966 Shares of The Procter & Gamble Company (NYSE:PG)

Syntegra Private Wealth Group LLC increased its position in The Procter & Gamble Company (NYSE:PG) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,096 shares of the company’s stock after buying an additional 966 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Procter & Gamble were worth $1,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Management Group Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $221,000. Vestia Personal Wealth Advisors bought a new stake in Procter & Gamble during the 4th quarter worth approximately $278,000. Tectonic Advisors LLC boosted its stake in Procter & Gamble by 14.0% during the fourth quarter. Tectonic Advisors LLC now owns 47,057 shares of the company’s stock valued at $7,889,000 after buying an additional 5,788 shares during the period. Money Concepts Capital Corp increased its position in shares of Procter & Gamble by 1.0% in the fourth quarter. Money Concepts Capital Corp now owns 48,560 shares of the company’s stock worth $8,141,000 after purchasing an additional 458 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its position in Procter & Gamble by 1.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 41,835 shares of the company’s stock valued at $6,951,000 after purchasing an additional 497 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on 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 in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

Shares of PG stock opened at $169.07 on Thursday. The firm has a 50 day moving average of $167.94 and a two-hundred day moving average of $169.41. The stock has a market capitalization of $396.45 billion, a PE ratio of 26.92, a P/E/G ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

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

Procter & Gamble Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. 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. Wells Fargo & Company lifted their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI increased their price target on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Eight equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Company 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.