Joel Adams & Associates Inc. Acquires Shares of 1,193 The Procter & Gamble Company (NYSE:PG)

Joel Adams & Associates Inc. acquired a new stake in The Procter & Gamble Company (NYSE:PGFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,193 shares of the company’s stock, valued at approximately $200,000.

Several other large investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its position in Procter & Gamble by 5.3% in the fourth quarter. Global Retirement Partners LLC now owns 56,433 shares of the company’s stock worth $9,461,000 after acquiring an additional 2,859 shares in the last quarter. WestHill Financial Advisors Inc. grew its position in Procter & Gamble by 3.3% in the fourth quarter. WestHill Financial Advisors Inc. now owns 3,272 shares of the company’s stock worth $549,000 after acquiring an additional 103 shares in the last quarter. Allied Investment Advisors LLC grew its position in Procter & Gamble by 1.0% in the fourth quarter. Allied Investment Advisors LLC now owns 62,149 shares of the company’s stock worth $10,419,000 after acquiring an additional 587 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter worth approximately $579,000. Finally, Bank of Jackson Hole Trust bought a new stake in Procter & Gamble in the fourth quarter worth approximately $1,789,000. 65.77% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’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 transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus increased their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, 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 report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

View Our Latest Research Report on Procter & Gamble

Procter & Gamble Trading Up 1.5 %

PG opened at $165.34 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $387.70 billion, a PE ratio of 26.33, a PEG ratio of 3.66 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43. The firm has a 50-day moving average price of $166.21 and a two-hundred day moving average price of $169.46.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.17%.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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