485 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 485 shares of the company’s stock, valued at approximately $74,000.

Several other large investors also recently bought and sold shares of the business. Legend Financial Advisors Inc. bought a new position in Procter & Gamble during the third quarter valued at $30,000. Horizons Wealth Management bought a new position in Procter & Gamble during the second quarter valued at $52,000. Belmont Capital LLC increased its position in Procter & Gamble by 40.0% during the third quarter. Belmont Capital LLC now owns 385 shares of the company’s stock valued at $49,000 after acquiring an additional 110 shares during the last quarter. Align Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at $50,000. Finally, JDM Financial Group LLC bought a new position in Procter & Gamble during the fourth quarter valued at $67,000. Institutional investors own 62.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James boosted their price objective on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Procter & Gamble from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. StockNews.com assumed coverage on shares of Procter & Gamble in a report on Thursday. They issued a “hold” rating on the stock. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $149.00 to $164.00 in a report on Tuesday, November 22nd. Finally, Barclays cut their price target on shares of Procter & Gamble from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

Procter & Gamble Stock 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 50-day moving average of $141.73 and a 200 day moving average of $140.64. The firm has a market cap of $337.19 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.99 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.37.

Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion during the quarter, compared to analyst estimates of $20.75 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, January 19th. Procter & Gamble’s payout ratio is 64.04%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, insider Susan Street Whaley sold 709 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $97,374.06. Following the completion of the sale, the insider now directly owns 10,198 shares of the company’s stock, valued at $1,400,593.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andre Schulten sold 1,311 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at $4,826,402.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,766 shares of company stock valued at $656,511. 0.26% of the stock is currently owned by insiders.

About Procter & Gamble

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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.