Stablepoint Partners LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Stablepoint Partners LLC boosted its position in The Procter & Gamble Company (NYSE:PG) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,147 shares of the company’s stock after purchasing an additional 151 shares during the period. Procter & Gamble comprises 1.3% of Stablepoint Partners LLC’s portfolio, making the stock its 13th biggest holding. Stablepoint Partners LLC’s holdings in Procter & Gamble were worth $7,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its stake in shares of Procter & Gamble by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after buying an additional 4,035 shares during the period. Copley Financial Group Inc. bought a new position in shares of Procter & Gamble in the third quarter worth about $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $569,000. Nordea Investment Management AB raised its stake in shares of Procter & Gamble by 7.5% in the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock worth $484,583,000 after buying an additional 201,695 shares during the period. Finally, Synovus Financial Corp raised its stake in Procter & Gamble by 3.4% during the 3rd quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock valued at $32,065,000 after purchasing an additional 6,077 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction 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 completion of the sale, the insider now 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 sold a total of 151,097 shares of company stock worth $25,635,076 in the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Evercore ISI lifted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus lifted their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group decreased their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock 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 note on Thursday, January 23rd. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $169.57 on Tuesday. The stock has a 50 day moving average price of $168.85 and a 200-day moving average price of $169.39. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $399.34 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted 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. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the previous year, the business earned $1.84 EPS. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.17%.

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.