Clarendon Private LLC Invests $738,000 in The Procter & Gamble Company (NYSE:PG)

Clarendon Private LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,404 shares of the company’s stock, valued at approximately $738,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Edge Advisors LLC lifted its stake in shares of Procter & Gamble by 20.8% during the 4th quarter. Park Edge Advisors LLC now owns 18,490 shares of the company’s stock valued at $3,100,000 after buying an additional 3,186 shares in the last quarter. KFG Wealth Management LLC lifted its stake in shares of Procter & Gamble by 2.2% during the 4th quarter. KFG Wealth Management LLC now owns 7,422 shares of the company’s stock valued at $1,244,000 after buying an additional 157 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its stake in Procter & Gamble by 4.1% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 49,395 shares of the company’s stock worth $8,281,000 after purchasing an additional 1,960 shares in the last quarter. Blue Square Asset Management LLC lifted its stake in Procter & Gamble by 2.7% in the 4th quarter. Blue Square Asset Management LLC now owns 11,411 shares of the company’s stock worth $1,913,000 after purchasing an additional 299 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its stake in Procter & Gamble by 3.9% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 9,948 shares of the company’s stock worth $1,668,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group decreased their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price 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. Finally, Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Eight equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % 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 worth $25,635,076. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 3.3 %

NYSE:PG opened at $169.57 on Tuesday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm has a 50 day moving average of $168.85 and a 200 day moving average of $169.39. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $399.34 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s payout ratio is 64.17%.

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.