B. Riley Wealth Advisors Inc. Has $26.95 Million Holdings in The Procter & Gamble Company (NYSE:PG)

B. Riley Wealth Advisors Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,908 shares of the company’s stock after purchasing an additional 20,519 shares during the period. Procter & Gamble accounts for approximately 0.7% of B. Riley Wealth Advisors Inc.’s holdings, making the stock its 17th biggest holding. B. Riley Wealth Advisors Inc.’s holdings in Procter & Gamble were worth $26,950,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PG. Wellington Management Group LLP raised its position in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock valued at $5,193,916,000 after acquiring an additional 3,047,557 shares during the period. Northern Trust Corp raised its position in shares of Procter & Gamble by 2.3% in the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock valued at $4,275,616,000 after acquiring an additional 670,862 shares during the period. Norges Bank acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $3,956,117,000. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock valued at $2,336,552,000 after acquiring an additional 206,165 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Procter & Gamble by 3.2% in the 3rd quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock valued at $1,629,299,000 after acquiring an additional 346,925 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.4 %

Shares of PG traded up $0.71 during mid-day trading on Monday, hitting $167.50. 6,628,842 shares of the company’s stock were exchanged, compared to its average volume of 6,503,784. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $168.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The company has a 50-day simple moving average of $163.40 and a 200 day simple moving average of $157.54. The company has a market cap of $395.32 billion, a PE ratio of 27.37, a P/E/G ratio of 3.39 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Free Report) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $167.72, for a total value of $1,534,470.28. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at $2,168,451.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 9,149 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $167.72, for a total transaction of $1,534,470.28. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,168,451.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on PG shares. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Argus increased their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group increased their target price on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Barclays increased their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $169.76.

Check Out Our Latest Stock Analysis on PG

About Procter & Gamble

(Free Report)

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.

See Also

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

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