1,591 Shares in The Procter & Gamble Company (NYSE:PG) Bought by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,591 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Fountainhead AM LLC lifted its position in Procter & Gamble by 3.6% in the fourth quarter. Fountainhead AM LLC now owns 4,852 shares of the company’s stock valued at $711,000 after acquiring an additional 168 shares during the last quarter. Weatherly Asset Management L. P. lifted its position in Procter & Gamble by 17.7% in the fourth quarter. Weatherly Asset Management L. P. now owns 65,055 shares of the company’s stock valued at $9,533,000 after acquiring an additional 9,788 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $2,045,000. Ellenbecker Investment Group lifted its position in Procter & Gamble by 10.2% in the fourth quarter. Ellenbecker Investment Group now owns 2,335 shares of the company’s stock valued at $342,000 after acquiring an additional 216 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. lifted its position in Procter & Gamble by 9.1% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,892 shares of the company’s stock valued at $570,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG traded up $0.96 on Tuesday, hitting $161.50. 7,642,490 shares of the company were exchanged, compared to its average volume of 6,968,534. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.69. The business’s fifty day moving average is $159.32 and its 200 day moving average is $153.26. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $163.14. The firm has a market capitalization of $380.01 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a $1.0065 dividend. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada upped their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.88.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Insiders have sold 279,918 shares of company stock worth $43,323,263 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.