Fairvoy Private Wealth LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Fairvoy Private Wealth LLC bought a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,013 shares of the company’s stock, valued at approximately $3,020,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keystone Financial Group Inc. purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $79,000. Ameliora Wealth Management Ltd. increased its position in Procter & Gamble by 92.1% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 1,460 shares of the company’s stock worth $245,000 after acquiring an additional 700 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Procter & Gamble by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 504,941 shares of the company’s stock worth $84,653,000 after purchasing an additional 1,548 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Procter & Gamble by 1.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,814,391 shares of the company’s stock valued at $974,783,000 after acquiring an additional 97,592 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Procter & Gamble by 19,587.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 288,624 shares of the company’s stock valued at $48,388,000 after buying an additional 287,158 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company increased 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. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Barclays lifted their price objective 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. Eight equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,097 shares of company stock worth $25,635,076. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $167.99 on Friday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The business’s 50-day moving average price is $167.53 and its two-hundred day moving average price is $169.41. The firm has a market cap of $393.91 billion, a PE ratio of 26.75, a P/E/G ratio of 3.73 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the firm earned $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors 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 yield of 2.40%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.17%.

Procter & Gamble 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.