Wealth Alliance Has $4.21 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Wealth Alliance cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,724 shares of the company’s stock after selling 77 shares during the quarter. Procter & Gamble accounts for about 0.6% of Wealth Alliance’s investment portfolio, making the stock its 25th largest holding. Wealth Alliance’s holdings in Procter & Gamble were worth $4,209,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC increased its position in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $50,000. Morton Brown Family Wealth LLC increased its position in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after purchasing an additional 281 shares during the period. Finally, Activest Wealth Management increased its position in shares of Procter & Gamble by 49.7% during the fourth quarter. Activest Wealth Management now owns 455 shares of the company’s stock valued at $67,000 after purchasing an additional 151 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.98 during trading on Tuesday, hitting $156.43. The company’s stock had a trading volume of 2,810,011 shares, compared to its average volume of 6,808,297. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14. 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 business has a fifty day moving average of $159.27 and a 200-day moving average of $152.70. The company has a market cap of $368.08 billion, a PE ratio of 26.17, a P/E/G ratio of 3.18 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.57%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.98%.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. 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. Stifel Nicolaus increased 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. Wells Fargo & Company increased 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. Finally, Royal Bank of Canada increased their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $168.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now 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 is available at the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was 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 in the company, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the business’s 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 transaction, the insider now 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 279,063 shares of company stock worth $43,187,745 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

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.