TAP Consulting LLC Acquires 128 Shares of The Procter & Gamble Company (NYSE:PG)

TAP Consulting LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,176 shares of the company’s stock after acquiring an additional 128 shares during the quarter. TAP Consulting LLC’s holdings in Procter & Gamble were worth $759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC lifted its holdings in Procter & Gamble by 106.2% during the 4th quarter. Cerity Partners LLC now owns 6,134,455 shares of the company’s stock worth $898,943,000 after purchasing an additional 3,159,796 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Procter & Gamble by 9.4% during the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Procter & Gamble by 13,850.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,747,379 shares of the company’s stock worth $402,601,000 after purchasing an additional 2,727,685 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Procter & Gamble by 235.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,231,032 shares of the company’s stock worth $473,475,000 after purchasing an additional 2,268,805 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at $246,412,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares of the company’s stock, valued at approximately $1,908,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,865 shares of company stock worth $16,029,280. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.8 %

Shares of NYSE PG traded down $1.31 during trading on Friday, reaching $161.24. The company had a trading volume of 5,659,643 shares, compared to its average volume of 6,957,020. The company’s fifty day moving average price is $159.57 and its 200-day moving average price is $153.39. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $164.32. The stock has a market cap of $380.55 billion, a P/E ratio of 26.35, a PEG ratio of 3.30 and a beta of 0.44. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is 65.85%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PG shares. Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Wells Fargo & Company boosted their price target on Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday. Finally, Stifel Nicolaus boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble 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.