IFP Advisors Inc Increases Stock Position in The Procter & Gamble Company (NYSE:PG)

IFP Advisors Inc grew its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 72.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,499 shares of the company’s stock after buying an additional 21,710 shares during the period. IFP Advisors Inc’s holdings in Procter & Gamble were worth $8,634,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PG. AMF Tjanstepension AB lifted its holdings in shares of 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 acquiring an additional 1,466,115 shares in the last quarter. Swedbank AB lifted its holdings in shares of Procter & Gamble by 3.9% during the 3rd quarter. Swedbank AB now owns 1,503,647 shares of the company’s stock valued at $260,432,000 after acquiring an additional 56,583 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of Procter & Gamble by 1.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,327 shares of the company’s stock valued at $1,442,000 after acquiring an additional 82 shares in the last quarter. Covenant Partners LLC lifted its holdings in shares of Procter & Gamble by 9.0% during the 3rd quarter. Covenant Partners LLC now owns 4,164 shares of the company’s stock valued at $721,000 after acquiring an additional 344 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in Procter & Gamble by 1.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 85,078 shares of the company’s stock worth $14,736,000 after buying an additional 1,543 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PG shares. DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays boosted their price objective on shares of Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Get Our Latest Report on Procter & Gamble

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were 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 in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

NYSE PG opened at $170.17 on Monday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. 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 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. The company has a 50-day moving average price of $166.04 and a two-hundred day moving average price of $169.45.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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

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.

Further Reading

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

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