Eagle Strategies LLC Acquires 1,766 Shares of The Procter & Gamble Company (NYSE:PG)

Eagle Strategies LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 53.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,098 shares of the company’s stock after purchasing an additional 1,766 shares during the period. Eagle Strategies LLC’s holdings in Procter & Gamble were worth $855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewSquare Capital LLC raised its position in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the period. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter valued at $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Finally, Atlantic Private Wealth LLC grew its holdings in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This trade represents a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,000 shares of company stock worth $9,330,060. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $162.57 on Thursday. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a market cap of $381.20 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $167.81 and its 200 day moving average is $168.17.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. On average, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble’s payout ratio is currently 66.98%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. Raymond James cut their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Citigroup lowered their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $180.79.

Procter & Gamble Company Profile

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.