DiNuzzo Private Wealth Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

DiNuzzo Private Wealth Inc. purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 384 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Triumph Capital Management increased its stake in shares of Procter & Gamble by 15.1% during the 4th quarter. Triumph Capital Management now owns 7,003 shares of the company’s stock worth $1,026,000 after purchasing an additional 918 shares during the last quarter. ICW Investment Advisors LLC increased its stake in shares of Procter & Gamble by 0.8% during the 4th quarter. ICW Investment Advisors LLC now owns 15,126 shares of the company’s stock worth $2,217,000 after purchasing an additional 114 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Procter & Gamble by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,769,286 shares of the company’s stock worth $259,271,000 after purchasing an additional 107,124 shares during the last quarter. Berry Wealth Group LP acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $241,000. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in shares of Procter & Gamble by 12.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 26,207 shares of the company’s stock worth $3,840,000 after purchasing an additional 2,886 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PG shares. Raymond James upped their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Price Performance

PG opened at $163.38 on Thursday. The company has a market capitalization of $385.60 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.31 and a beta of 0.43. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $159.88 and a 200-day moving average price of $153.97. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Equities analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.46%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,865 shares of company stock valued at $14,059,180. 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.