CWA Asset Management Group LLC Acquires 4,438 Shares of The Procter & Gamble Company (NYSE:PG)

CWA Asset Management Group LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,402 shares of the company’s stock after acquiring an additional 4,438 shares during the quarter. CWA Asset Management Group LLC’s holdings in Procter & Gamble were worth $2,941,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Radnor Capital Management LLC raised its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Radnor Capital Management LLC now owns 30,828 shares of the company’s stock valued at $4,693,000 after buying an additional 530 shares during the period. Align Wealth Management LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at $50,000. Parkside Advisors LLC raised its stake in shares of Procter & Gamble by 18.2% in the fourth quarter. Parkside Advisors LLC now owns 6,035 shares of the company’s stock valued at $915,000 after buying an additional 930 shares during the period. Nexus Investment Management ULC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at $333,000. Finally, Pure Financial Advisors LLC raised its stake in shares of Procter & Gamble by 5.9% in the fourth quarter. Pure Financial Advisors LLC now owns 7,886 shares of the company’s stock valued at $1,195,000 after buying an additional 438 shares during the period. 62.13% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.0 %

NYSE PG opened at $142.93 on Friday. The Procter & Gamble Company has a 1-year low of $122.18 and a 1-year high of $164.90. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $141.73 and a 200-day moving average of $140.63. The firm has a market cap of $337.19 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.90 and a beta of 0.40.

Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a return on equity of 32.03% and a net margin of 17.79%. The company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same quarter in the previous year, the company posted $1.66 EPS. Procter & Gamble’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, January 20th were given a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s payout ratio is 64.04%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PG. Wolfe Research began coverage on Procter & Gamble in a research report on Monday, November 21st. They issued an “outperform” rating and a $156.00 price target for the company. Stifel Nicolaus lifted their price target on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Barclays reduced their price target on Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Citigroup started coverage on Procter & Gamble in a research report on Thursday, February 16th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Jefferies Financial Group boosted their target price on Procter & Gamble from $149.00 to $164.00 in a research report on Tuesday, November 22nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Street Whaley sold 709 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $97,374.06. Following the completion of the transaction, the insider now owns 10,198 shares of the company’s stock, valued at approximately $1,400,593.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 2,151 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at approximately $31,141,570.32. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $656,511 in the last 90 days. Insiders own 0.26% of the company’s stock.

Procter & Gamble Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.