B. Riley Wealth Management Inc. bought a new stake in shares of Procter & Gamble Co (NYSE:PG) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 16,073 shares of the company’s stock, valued at approximately $1,338,000.

Other hedge funds have also recently made changes to their positions in the company. Blackhawk Capital Partners LLC. boosted its position in Procter & Gamble by 2.3% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 24,279 shares of the company’s stock worth $2,021,000 after acquiring an additional 547 shares during the period. Grand Jean Capital Management Inc. boosted its position in Procter & Gamble by 4.6% during the 3rd quarter. Grand Jean Capital Management Inc. now owns 12,577 shares of the company’s stock worth $1,047,000 after acquiring an additional 548 shares during the period. Peak Asset Management LLC boosted its position in Procter & Gamble by 2.3% during the 3rd quarter. Peak Asset Management LLC now owns 25,119 shares of the company’s stock worth $2,091,000 after acquiring an additional 556 shares during the period. Motco boosted its position in Procter & Gamble by 20.0% during the 3rd quarter. Motco now owns 3,353 shares of the company’s stock worth $279,000 after acquiring an additional 558 shares during the period. Finally, Wagner Wealth Management LLC boosted its position in Procter & Gamble by 9.4% during the 3rd quarter. Wagner Wealth Management LLC now owns 6,566 shares of the company’s stock worth $546,000 after acquiring an additional 566 shares during the period. 60.74% of the stock is owned by institutional investors and hedge funds.

PG opened at $101.32 on Friday. Procter & Gamble Co has a fifty-two week low of $70.73 and a fifty-two week high of $101.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.78 and a quick ratio of 0.61. The stock has a market cap of $252.23 billion, a PE ratio of 24.01, a PEG ratio of 3.26 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.04. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The company had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.16 billion. During the same period last year, the business earned $1.19 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Friday, January 18th were paid a dividend of $0.7172 per share. This represents a $2.87 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

In related news, Director Trian Fund Management, L.P. sold 1,208,754 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $99.08, for a total value of $119,763,346.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Valarie L. Sheppard sold 1,236 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $100.12, for a total value of $123,748.32. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,496 shares of company stock valued at $224,931,027 over the last ninety days. Company insiders own 1.84% of the company’s stock.

A number of equities research analysts have commented on PG shares. Zacks Investment Research lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Wells Fargo & Co restated a “hold” rating and set a $91.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Credit Suisse Group started coverage on Procter & Gamble in a research report on Wednesday, March 6th. They set a “neutral” rating and a $100.00 price objective for the company. Morgan Stanley upgraded Procter & Gamble from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $91.00 to $106.00 in a research report on Thursday, December 13th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $95.00 price objective on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $96.21.

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About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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