Pinnacle Financial Partners Inc. boosted its holdings in Procter & Gamble Co (NYSE:PG) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,616 shares of the company’s stock after acquiring an additional 12,107 shares during the quarter. Procter & Gamble accounts for about 0.9% of Pinnacle Financial Partners Inc.’s investment portfolio, making the stock its 28th largest position. Pinnacle Financial Partners Inc.’s holdings in Procter & Gamble were worth $13,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Belmont Capital LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $34,000. Selective Wealth Management Inc. purchased a new stake in Procter & Gamble during the 3rd quarter valued at about $35,000. Wealthcare Capital Management LLC boosted its holdings in Procter & Gamble by 126.0% during the 4th quarter. Wealthcare Capital Management LLC now owns 339 shares of the company’s stock valued at $42,000 after acquiring an additional 189 shares during the period. Pacifica Partners Inc. purchased a new stake in Procter & Gamble during the 4th quarter valued at about $44,000. Finally, Barnett & Company Inc. boosted its holdings in Procter & Gamble by 626.9% during the 4th quarter. Barnett & Company Inc. now owns 378 shares of the company’s stock valued at $47,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds own 63.36% of the company’s stock.

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 3,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $126.50, for a total value of $379,500.00. Following the completion of the sale, the chief executive officer now owns 3,856 shares in the company, valued at approximately $487,784. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David S. Taylor sold 58,297 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $125.93, for a total value of $7,341,341.21. Following the completion of the sale, the chief executive officer now owns 284,069 shares of the company’s stock, valued at approximately $35,772,809.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,411 shares of company stock valued at $12,652,757. Company insiders own 1.75% of the company’s stock.

NYSE PG traded up $0.66 on Friday, hitting $125.62. The company’s stock had a trading volume of 3,138,606 shares, compared to its average volume of 7,062,062. Procter & Gamble Co has a 52-week low of $97.75 and a 52-week high of $128.09. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The company’s 50-day simple moving average is $125.01 and its 200 day simple moving average is $122.11. The firm has a market cap of $311.57 billion, a P/E ratio of 74.33, a PEG ratio of 3.34 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.05. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The business had revenue of $18.24 billion during the quarter, compared to analysts’ expectations of $18.37 billion. During the same quarter last year, the business posted $1.25 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that Procter & Gamble Co will post 4.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $0.7459 dividend. This represents a $2.98 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.93%.

Several brokerages recently weighed in on PG. Macquarie increased their target price on Procter & Gamble from $132.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. TheStreet upgraded Procter & Gamble from a “c+” rating to a “b+” rating in a report on Tuesday, October 22nd. UBS Group increased their target price on Procter & Gamble from $122.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on Procter & Gamble from $138.00 to $143.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on Procter & Gamble from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $124.86.

Procter & Gamble Company Profile

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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