3,916 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Planned Solutions Inc.

Planned Solutions Inc. acquired a new position in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,916 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Highland Capital Management LLC raised its position in Procter & Gamble by 2.0% in the fourth quarter. Highland Capital Management LLC now owns 114,770 shares of the company’s stock valued at $16,818,000 after purchasing an additional 2,285 shares during the period. Columbia Trust Co 01012016 raised its position in Procter & Gamble by 36.8% in the fourth quarter. Columbia Trust Co 01012016 now owns 15,734 shares of the company’s stock valued at $2,306,000 after purchasing an additional 4,236 shares during the period. Family Legacy Inc. raised its position in Procter & Gamble by 0.4% in the fourth quarter. Family Legacy Inc. now owns 26,460 shares of the company’s stock valued at $3,878,000 after purchasing an additional 108 shares during the period. Canvas Wealth Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $227,000. Finally, Trust Co of the South purchased a new stake in Procter & Gamble in the fourth quarter valued at $1,312,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several research analyst reports. Barclays boosted their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Royal Bank of Canada upped their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Raymond James upped their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, UBS Group upped their price objective on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.41.

Procter & Gamble Stock Performance

Shares of PG stock opened at $162.61 on Thursday. The company has a market cap of $382.62 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The stock has a 50 day simple moving average of $158.17 and a 200-day simple moving average of $152.09. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $162.74. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The business had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. During the same period in the prior year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.