M.E. Allison & CO. Inc. Takes Position in The Procter & Gamble Company (NYSE:PG)

M.E. Allison & CO. Inc. bought a new position in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 9,146 shares of the company’s stock, valued at approximately $1,533,000. Procter & Gamble accounts for about 1.7% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 15th biggest holding.

Several other hedge funds have also bought and sold shares of PG. Thrive Wealth Management LLC lifted its holdings in Procter & Gamble by 12.8% during the fourth quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock valued at $2,850,000 after purchasing an additional 1,929 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Procter & Gamble by 48.7% during the 4th quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock valued at $3,411,000 after buying an additional 7,045 shares in the last quarter. Smart Money Group LLC boosted its holdings in Procter & Gamble by 7.5% in the 4th quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock worth $886,000 after buying an additional 370 shares during the period. Annex Advisory Services LLC increased its stake in Procter & Gamble by 5.3% in the 4th quarter. Annex Advisory Services LLC now owns 34,215 shares of the company’s stock worth $5,736,000 after buying an additional 1,712 shares in the last quarter. Finally, Cascade Investment Group Inc. lifted its position in shares of Procter & Gamble by 5.8% in the fourth quarter. Cascade Investment Group Inc. now owns 3,037 shares of the company’s stock valued at $509,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,447 shares of company stock worth $12,978,820 in the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PG. UBS Group cut their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Evercore ISI boosted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson restated a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research report on Friday, December 27th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.65.

Procter & Gamble Stock Up 0.5 %

Shares of PG opened at $161.35 on Tuesday. The firm has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 12-month low of $146.28 and a 12-month high of $180.43. The firm has a fifty day moving average price of $169.19 and a 200-day moving average price of $169.46. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. During the same period in the prior year, the firm earned $1.83 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

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.