Beverly Hills Private Wealth LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Beverly Hills Private Wealth LLC lifted its stake in The Procter & Gamble Company (NYSE:PG) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,602 shares of the company’s stock after buying an additional 572 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Procter & Gamble were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 1.1% in the first quarter. Geode Capital Management LLC now owns 46,754,131 shares of the company’s stock valued at $6,936,343,000 after acquiring an additional 510,559 shares in the last quarter. Morgan Stanley raised its stake in Procter & Gamble by 12.6% during the 4th quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after purchasing an additional 4,959,527 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Procter & Gamble by 96,526.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares in the last quarter. Wellington Management Group LLP boosted its stake in Procter & Gamble by 9.4% in 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 period. Finally, Northern Trust Corp grew its holdings in Procter & Gamble by 2.3% during the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after buying an additional 670,862 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PG. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Barclays increased their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group initiated coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, UBS Group raised their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Trading Up 0.5 %

Shares of PG opened at $156.18 on Monday. The company’s fifty day simple moving average is $159.32 and its 200-day simple moving average is $152.63. The company has a market cap of $367.49 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.18 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $163.14.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same period in the prior year, the company posted $1.59 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.58%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now directly owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock valued at $43,187,745. 0.17% of the stock is currently owned by company 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.