Moneta Group Investment Advisors LLC Boosts Stake in Procter & Gamble Company (The) $PG

Moneta Group Investment Advisors LLC lifted its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 15.0% in the 3rd quarter, Holdings Channel reports. The fund owned 110,341 shares of the company’s stock after acquiring an additional 14,376 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Procter & Gamble were worth $16,954,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble in the third quarter worth $25,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $32,000. Caitlin John LLC bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at $34,000. Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth about $37,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $40,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $152.07 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $353.40 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 5.04 and a beta of 0.37. The firm’s 50 day moving average price is $153.55 and its 200-day moving average price is $150.93. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.52%.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 348,618 shares of company stock worth $55,462,643 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PG. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Rothschild & Co Redburn lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. UBS Group boosted their price target on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and raised their price objective for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.33.

Check Out Our Latest Stock Report on PG

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About Procter & Gamble

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

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

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