5,941 Shares in Procter & Gamble Company (The) $PG Bought by QP Wealth Management LLC

QP Wealth Management LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 5,941 shares of the company’s stock, valued at approximately $851,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in shares of Procter & Gamble by 6.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,753 shares of the company’s stock worth $681,000 after acquiring an additional 296 shares during the last quarter. Avior Wealth Management LLC increased its stake in Procter & Gamble by 1.2% in the fourth quarter. Avior Wealth Management LLC now owns 27,314 shares of the company’s stock valued at $3,849,000 after acquiring an additional 312 shares during the last quarter. Unique Wealth LLC raised its position in Procter & Gamble by 10.6% during the fourth quarter. Unique Wealth LLC now owns 2,348 shares of the company’s stock valued at $337,000 after purchasing an additional 225 shares in the last quarter. Park National Corp OH lifted its stake in Procter & Gamble by 1.5% during the fourth quarter. Park National Corp OH now owns 277,164 shares of the company’s stock worth $39,720,000 after purchasing an additional 4,037 shares during the last quarter. Finally, Holos Integrated Wealth LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $210,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $144.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The firm has a market cap of $335.61 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 4.84 and a beta of 0.37. The business has a 50 day moving average price of $154.07 and a 200-day moving average price of $150.73.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.33.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 1,809 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the transaction, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. This represents a 5.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,618 shares of company stock valued at $55,462,643 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.