Kingsview Wealth Management LLC Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Kingsview Wealth Management LLC lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,492 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Kingsview Wealth Management LLC’s holdings in Procter & Gamble were worth $13,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PG. Apollon Wealth Management LLC increased its stake in shares of Procter & Gamble by 15.8% during the fourth quarter. Apollon Wealth Management LLC now owns 98,877 shares of the company’s stock worth $16,577,000 after buying an additional 13,478 shares during the period. Mezzasalma Advisors LLC lifted its position in shares of Procter & Gamble by 60.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 2,688 shares of the company’s stock worth $451,000 after purchasing an additional 1,008 shares during the last quarter. Vest Financial LLC grew its stake in shares of Procter & Gamble by 16.7% during the fourth quarter. Vest Financial LLC now owns 347,908 shares of the company’s stock worth $58,327,000 after purchasing an additional 49,864 shares in the last quarter. BayBridge Capital Group LLC raised its stake in Procter & Gamble by 4.2% in the fourth quarter. BayBridge Capital Group LLC now owns 7,613 shares of the company’s stock valued at $1,276,000 after buying an additional 310 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in Procter & Gamble by 1.8% during the fourth quarter. Cidel Asset Management Inc. now owns 78,740 shares of the company’s stock worth $13,201,000 after purchasing an additional 1,371 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.5 %

PG stock opened at $167.99 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The firm has a market capitalization of $393.91 billion, a PE ratio of 26.75, a P/E/G ratio of 3.79 and a beta of 0.45. The company’s 50 day simple moving average is $167.30 and its 200-day simple moving average is $169.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 $2,002,804.35. The trade was a 52.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock valued at $25,635,076 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group reduced their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a 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 stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

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.