First Horizon Advisors Inc. Acquires 4,317 Shares of The Procter & Gamble Company (NYSE:PG)

First Horizon Advisors Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 245,464 shares of the company’s stock after acquiring an additional 4,317 shares during the period. Procter & Gamble comprises 1.2% of First Horizon Advisors Inc.’s portfolio, making the stock its 16th biggest position. First Horizon Advisors Inc.’s holdings in Procter & Gamble were worth $41,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Geode Capital Management LLC raised its position in Procter & Gamble by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. raised its position in Procter & Gamble by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock valued at $3,290,573,000 after purchasing an additional 1,760,214 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Procter & Gamble during the 3rd quarter valued at $301,950,000. AMF Tjanstepension AB raised its position in Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its position in Procter & Gamble by 4,621.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,285,923 shares of the company’s stock valued at $222,722,000 after purchasing an additional 1,258,690 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PG. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $164.00 price target 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Up 1.8 %

Shares of PG stock opened at $170.17 on Friday. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The stock’s fifty day moving average price is $166.04 and its 200 day moving average price is $169.45. 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 company has a market cap of $399.02 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for 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%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. On average, research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business’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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.