Wealth Enhancement Advisory Services LLC Has $240.42 Million Stake in Procter & Gamble Company (The) $PG

Wealth Enhancement Advisory Services LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,718,923 shares of the company’s stock after purchasing an additional 31,059 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Procter & Gamble were worth $240,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $5,099,644,000. Laurel Wealth Advisors LLC grew its holdings in shares of Procter & Gamble by 15,971.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock valued at $1,117,270,000 after acquiring an additional 6,969,110 shares in the last quarter. Invesco Ltd. increased its stake in shares of Procter & Gamble by 21.4% in the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after acquiring an additional 2,880,895 shares during the last quarter. Amundi raised its holdings in shares of Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company’s stock worth $1,606,748,000 after acquiring an additional 2,222,560 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Procter & Gamble by 66.3% during the second quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock valued at $877,014,000 after purchasing an additional 2,195,560 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $144.41 on Monday. The stock has a market capitalization of $335.61 billion, a P/E ratio of 21.39, a P/E/G ratio of 4.82 and a beta of 0.37. The business has a 50-day moving average of $154.07 and a two-hundred day moving average of $150.63. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.52%.

Analyst Ratings Changes

Several research analysts have weighed in on PG shares. Rothschild & Co Redburn upped their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. BNP Paribas Exane dropped their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and raised their price objective for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

About Procter & Gamble

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.