The Procter & Gamble Company (NYSE:PG) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 7.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,024 shares of the company’s stock after acquiring an additional 1,577 shares during the period. Brighton Jones LLC’s holdings in Procter & Gamble were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Chronos Wealth Management LLC boosted its position in Procter & Gamble by 1.2% in the third quarter. Chronos Wealth Management LLC now owns 33,940 shares of the company’s stock valued at $4,950,000 after buying an additional 395 shares in the last quarter. Connecticut Wealth Management LLC lifted its position in shares of Procter & Gamble by 52.1% during the third quarter. Connecticut Wealth Management LLC now owns 16,389 shares of the company’s stock worth $2,390,000 after purchasing an additional 5,611 shares in the last quarter. Red Door Wealth Management LLC lifted its position in shares of Procter & Gamble by 6.3% during the third quarter. Red Door Wealth Management LLC now owns 37,397 shares of the company’s stock worth $5,455,000 after purchasing an additional 2,203 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Procter & Gamble by 5.9% during the third quarter. Ballentine Partners LLC now owns 47,573 shares of the company’s stock worth $6,939,000 after buying an additional 2,658 shares during the last quarter. Finally, TFG Advisers LLC raised its stake in shares of Procter & Gamble by 1.7% during the third quarter. TFG Advisers LLC now owns 21,401 shares of the company’s stock worth $3,121,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 research note on Wednesday, January 24th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, UBS Group raised their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Up 1.0 %

Procter & Gamble stock traded up $1.58 during trading hours on Tuesday, hitting $163.24. The company had a trading volume of 8,105,773 shares, compared to its average volume of 6,942,727. The firm has a market cap of $385.27 billion, a P/E ratio of 26.52, a P/E/G ratio of 3.27 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32. The company has a 50-day moving average price of $159.72 and a two-hundred day moving average price of $153.78.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. On average, sell-side analysts anticipate 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 paid a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,865 shares of company stock worth $9,009,280. 0.17% of the stock is owned by corporate insiders.

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.