LaFleur & Godfrey LLC Buys 1,689 Shares of The Procter & Gamble Company (NYSE:PG)

LaFleur & Godfrey LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,102 shares of the company’s stock after buying an additional 1,689 shares during the period. Procter & Gamble accounts for approximately 1.2% of LaFleur & Godfrey LLC’s portfolio, making the stock its 27th largest holding. LaFleur & Godfrey LLC’s holdings in Procter & Gamble were worth $8,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dfpg Investments LLC boosted its stake in Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after buying an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC boosted its stake in Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after buying an additional 260 shares in the last quarter. N.E.W. Advisory Services LLC boosted its stake in Procter & Gamble by 14.6% in the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after buying an additional 12,016 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Procter & Gamble by 26.9% in the second quarter. Royal Bank of Canada now owns 10,823,380 shares of the company’s stock valued at $1,642,339,000 after purchasing an additional 2,293,824 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG traded down $0.40 during trading on Thursday, hitting $162.21. 2,719,350 shares of the stock traded hands, compared to its average volume of 6,834,280. The company has a market capitalization of $381.68 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The firm has a 50-day simple moving average of $158.17 and a 200-day simple moving average of $152.09. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. As a group, analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, January 18th. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PG. Stifel Nicolaus boosted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. Raymond James upped their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, UBS Group upped their target price on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $168.41.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.