Financial Partners Group Inc Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Financial Partners Group Inc increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 17.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,171 shares of the company’s stock after buying an additional 462 shares during the quarter. Financial Partners Group Inc’s holdings in The Procter & Gamble were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Compton Capital Management Inc. RI boosted its holdings in The Procter & Gamble by 3.2% in the 1st quarter. Compton Capital Management Inc. RI now owns 30,746 shares of the company’s stock valued at $4,164,000 after purchasing an additional 950 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its holdings in The Procter & Gamble by 619.6% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,619 shares of the company’s stock valued at $219,000 after purchasing an additional 1,394 shares in the last quarter. Yacktman Asset Management LP boosted its holdings in The Procter & Gamble by 2.4% in the 1st quarter. Yacktman Asset Management LP now owns 3,216,634 shares of the company’s stock valued at $435,629,000 after purchasing an additional 73,929 shares in the last quarter. Morris Retirement Advisors LLC boosted its holdings in The Procter & Gamble by 16.8% in the 1st quarter. Morris Retirement Advisors LLC now owns 4,752 shares of the company’s stock valued at $644,000 after purchasing an additional 684 shares in the last quarter. Finally, Scott & Selber Inc. boosted its holdings in The Procter & Gamble by 2.2% in the 1st quarter. Scott & Selber Inc. now owns 17,098 shares of the company’s stock valued at $2,316,000 after purchasing an additional 362 shares in the last quarter. 63.05% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Valarie L. Sheppard sold 1,811 shares of the business’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $227,769.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah P. Majoras sold 12,872 shares of the business’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Insiders have sold a total of 2,282,873 shares of company stock valued at $306,539,932 over the last three months. Corporate insiders own 0.70% of the company’s stock.

A number of research firms have recently issued reports on PG. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price target for the company in a research report on Friday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, April 22nd. Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target for the company. in a research report on Thursday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, April 27th. Finally, Citigroup downgraded shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 21st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $148.93.

Shares of PG opened at $138.01 on Friday. The stock has a fifty day moving average of $135.28 and a two-hundred day moving average of $134.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The company has a market capitalization of $337.88 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a fifty-two week low of $111.43 and a fifty-two week high of $146.92.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Monday, April 19th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion during the quarter, compared to the consensus estimate of $18 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The Procter & Gamble’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. As a group, equities research analysts forecast that The Procter & Gamble Company will post 5.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 23rd will be issued a $0.8698 dividend. The ex-dividend date is Thursday, April 22nd. This is an increase from The Procter & Gamble’s previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a yield of 2.52%. The Procter & Gamble’s payout ratio is 67.97%.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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