Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Increases Position in Procter & Gamble Company (The) $PG

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 417,287 shares of the company’s stock after acquiring an additional 16,947 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Procter & Gamble were worth $61,900,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PG. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its holdings in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC increased its position in shares of Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Bank of America cut their price objective on shares of Procter & Gamble from $171.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $177.00 to $158.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Barclays decreased their price target on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $162.32.

View Our Latest Stock Analysis on PG

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Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares in the company, valued at $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 1,809 shares of Procter & Gamble stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the transaction, the insider owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. This represents a 5.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last quarter. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

NYSE:PG opened at $142.81 on Thursday. The business’s 50-day moving average is $150.87 and its 200 day moving average is $148.74. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99. The company has a market capitalization of $331.89 billion, a P/E ratio of 21.16, a P/E/G ratio of 5.48 and a beta of 0.41. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.96 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, April 24th. Procter & Gamble’s payout ratio is 62.67%.

Procter & Gamble Profile

(Free Report)

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.

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

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