MFA Wealth Services Invests $864,000 in The Procter & Gamble Company (NYSE:PG)

MFA Wealth Services acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,152 shares of the company’s stock, valued at approximately $864,000.

Several other large investors have also recently added to or reduced their stakes in PG. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 13.4% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 13,706 shares of the company’s stock valued at $2,298,000 after acquiring an additional 1,620 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in Procter & Gamble by 1.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 100,785 shares of the company’s stock valued at $16,897,000 after purchasing an additional 1,226 shares during the last quarter. Johnson Bixby & Associates LLC grew its stake in Procter & Gamble by 2.8% in the fourth quarter. Johnson Bixby & Associates LLC now owns 3,724 shares of the company’s stock valued at $624,000 after purchasing an additional 100 shares in the last quarter. Brighton Jones LLC increased its position in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Finally, Montecito Bank & Trust raised its stake in shares of Procter & Gamble by 0.7% during the 4th quarter. Montecito Bank & Trust now owns 31,496 shares of the company’s stock worth $5,280,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday. UBS Group reduced their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Stock Down 1.0 %

PG stock opened at $164.41 on Friday. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a market cap of $387.20 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The business’s 50-day simple moving average is $168.85 and its 200 day simple moving average is $169.34.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insider Activity at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.