Dillon & Associates Inc. Has $3.42 Million Stake in The Procter & Gamble Company (NYSE:PG)

Dillon & Associates Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,373 shares of the company’s stock after buying an additional 109 shares during the period. Dillon & Associates Inc.’s holdings in Procter & Gamble were worth $3,423,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Crowley Wealth Management Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $475,000. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Napatree Capital LLC lifted its holdings in Procter & Gamble by 11.1% during the 4th quarter. Napatree Capital LLC now owns 2,147 shares of the company’s stock worth $360,000 after purchasing an additional 214 shares during the last quarter. Meridian Wealth Advisors LLC lifted its holdings in Procter & Gamble by 14.6% during the 4th quarter. Meridian Wealth Advisors LLC now owns 29,317 shares of the company’s stock worth $4,915,000 after purchasing an additional 3,729 shares during the last quarter. Finally, Meridian Wealth Partners LLC increased its stake in Procter & Gamble by 18.0% during the 4th quarter. Meridian Wealth Partners LLC now owns 4,564 shares of the company’s stock worth $765,000 after acquiring an additional 697 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value 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 $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,785,274.66. The trade was a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,450 shares of company stock valued at $23,988,008 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on PG. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 17th. Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Procter & Gamble Stock Down 0.6 %

Shares of PG opened at $166.60 on Monday. The company has a market capitalization of $390.66 billion, a PE ratio of 26.53, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The stock’s 50-day moving average price is $167.97 and its two-hundred day moving average price is $169.65. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced 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. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.01%.

Procter & Gamble Profile

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.