LMG Wealth Partners LLC Purchases 638 Shares of The Procter & Gamble Company (NYSE:PG)

LMG Wealth Partners LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,857 shares of the company’s stock after buying an additional 638 shares during the period. LMG Wealth Partners LLC’s holdings in Procter & Gamble were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Corps Capital Advisors LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $1,680,000. Abacus Planning Group Inc. boosted its holdings in Procter & Gamble by 4.7% during the fourth quarter. Abacus Planning Group Inc. now owns 5,692 shares of the company’s stock valued at $954,000 after purchasing an additional 255 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Procter & Gamble by 1.5% in the 4th quarter. Ieq Capital LLC now owns 147,732 shares of the company’s stock valued at $24,767,000 after purchasing an additional 2,249 shares during the period. Private Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 0.3% in the 4th quarter. Private Wealth Partners LLC now owns 31,683 shares of the company’s stock worth $5,312,000 after buying an additional 81 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Procter & Gamble by 3.4% in the 4th quarter. Private Advisor Group LLC now owns 369,759 shares of the company’s stock valued at $61,990,000 after buying an additional 12,119 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’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 transaction of $8,604,804.48. Following the sale, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $166.46 on Thursday. The company has a fifty day moving average price of $166.13 and a two-hundred day moving average price of $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market capitalization of $390.33 billion, a PE ratio of 26.51, a P/E/G ratio of 3.66 and a beta of 0.45. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PG shares. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. UBS Group reduced their price target on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Company 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.