The Procter & Gamble Company (NYSE:PG) Shares Purchased by American Money Management LLC

American Money Management LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,639 shares of the company’s stock after purchasing an additional 203 shares during the period. American Money Management LLC’s holdings in Procter & Gamble were worth $275,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PG. MV Capital Management Inc. raised its position in shares of Procter & Gamble by 0.4% during the 4th quarter. MV Capital Management Inc. now owns 25,200 shares of the company’s stock worth $4,225,000 after purchasing an additional 99 shares during the period. Allianz SE acquired a new stake in Procter & Gamble in the fourth quarter worth $17,827,000. WealthTrak Capital Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at $45,000. Intrust Bank NA grew its position in shares of Procter & Gamble by 4.2% during the fourth quarter. Intrust Bank NA now owns 19,489 shares of the company’s stock worth $3,267,000 after acquiring an additional 777 shares during the last quarter. Finally, Biondo Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 0.8% in the 4th quarter. Biondo Investment Advisors LLC now owns 77,238 shares of the company’s stock worth $12,949,000 after acquiring an additional 649 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. 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 research note on Thursday, January 16th. Finally, DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Seven investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.82.

Procter & Gamble Trading Down 0.5 %

NYSE:PG opened at $167.94 on Friday. The stock’s 50-day moving average is $168.60 and its two-hundred day moving average is $169.35. 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 stock has a market cap of $393.80 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the prior year, the business earned $1.84 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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 2.40%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction 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 approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was 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 owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,450 shares of company stock valued at $23,988,008 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.