DecisionPoint Financial LLC Has $55,000 Holdings in The Procter & Gamble Company (NYSE:PG)

DecisionPoint Financial LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 46.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 330 shares of the company’s stock after buying an additional 105 shares during the period. DecisionPoint Financial LLC’s holdings in Procter & Gamble were worth $55,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Angeles Wealth Management LLC lifted its position in Procter & Gamble by 12.3% during the 4th quarter. Angeles Wealth Management LLC now owns 6,956 shares of the company’s stock worth $1,166,000 after buying an additional 760 shares in the last quarter. Stiles Financial Services Inc grew its stake in shares of Procter & Gamble by 0.5% during the fourth quarter. Stiles Financial Services Inc now owns 22,639 shares of the company’s stock valued at $3,796,000 after purchasing an additional 116 shares during the last quarter. Tevis Investment Management increased its holdings in shares of Procter & Gamble by 0.6% in the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company’s stock valued at $1,950,000 after purchasing an additional 65 shares in the last quarter. Focused Wealth Management Inc raised its position in Procter & Gamble by 2.0% in the 4th quarter. Focused Wealth Management Inc now owns 3,342 shares of the company’s stock worth $560,000 after purchasing an additional 66 shares during the last quarter. Finally, Legacy Financial Strategies LLC lifted its holdings in Procter & Gamble by 4.4% during the 4th quarter. Legacy Financial Strategies LLC now owns 2,378 shares of the company’s stock worth $395,000 after buying an additional 100 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. Evercore ISI upped their price target on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays upped their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.53.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.5 %

Shares of NYSE:PG opened at $167.99 on Monday. The stock has a market capitalization of $393.91 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company’s 50-day moving average price is $167.30 and its two-hundred day moving average price is $169.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the prior year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is 64.17%.

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.