The Procter & Gamble Company (NYSE:PG) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its position in The Procter & Gamble Company (NYSE:PG) by 41.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,176 shares of the company’s stock after purchasing an additional 27,420 shares during the quarter. Procter & Gamble comprises 1.0% of Everence Capital Management Inc.’s holdings, making the stock its 15th largest position. Everence Capital Management Inc.’s holdings in Procter & Gamble were worth $13,801,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $29,000. Mendota Financial Group LLC raised its position in Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after acquiring an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Procter & Gamble during the second quarter valued at approximately $50,000. Morton Brown Family Wealth LLC raised its position in Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares in the last quarter. Finally, Activest Wealth Management raised its position in Procter & Gamble by 49.7% during the fourth quarter. Activest Wealth Management now owns 455 shares of the company’s stock valued at $67,000 after acquiring an additional 151 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the 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 sale, the chief executive officer now owns 973 shares in the company, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last three months, insiders sold 279,063 shares of company stock valued at $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG traded up $0.79 on Tuesday, hitting $156.24. 3,161,367 shares of the company traded hands, compared to its average volume of 6,811,708. The company has a 50 day moving average of $159.27 and a 200-day moving average of $152.70. 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 stock has a market capitalization of $367.64 billion, a PE ratio of 26.17, a PEG ratio of 3.18 and a beta of 0.44. 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 posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion during the quarter, compared to the consensus estimate 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 was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. Sell-side analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 62.98%.

Wall Street Analyst Weigh In

Several brokerages have commented on PG. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Barclays lifted their price target on Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday. Raymond James lifted their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada boosted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.53.

Procter & Gamble Company 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.