Prudent Man Investment Management Inc. Takes $38,000 Position in The Procter & Gamble Company (NYSE:PG)

Prudent Man Investment Management Inc. purchased a new position in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 228 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. lifted its position in shares of Procter & Gamble by 4.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 36,453 shares of the company’s stock valued at $6,111,000 after buying an additional 1,581 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in Procter & Gamble by 4.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 16,369 shares of the company’s stock valued at $2,744,000 after acquiring an additional 627 shares during the period. Partners in Financial Planning purchased a new stake in Procter & Gamble during the fourth quarter valued at about $585,000. O Shaughnessy Asset Management LLC boosted its position in Procter & Gamble by 8.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 432,699 shares of the company’s stock worth $72,542,000 after purchasing an additional 32,960 shares during the period. Finally, Bcwm LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $445,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $167.94 on Monday. The company has a market capitalization of $393.80 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.76 and a beta of 0.41. The business has a 50 day moving average of $168.60 and a 200 day moving average of $169.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1-year low of $153.52 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were issued a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the business’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 in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock worth $23,988,008 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on PG shares. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.82.

About Procter & Gamble

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.