Catalyst Financial Partners LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Catalyst Financial Partners LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,011 shares of the company’s stock after buying an additional 500 shares during the quarter. Procter & Gamble makes up about 0.6% of Catalyst Financial Partners LLC’s investment portfolio, making the stock its 28th largest holding. Catalyst Financial Partners LLC’s holdings in Procter & Gamble were worth $2,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $29,000. Naples Money Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at approximately $29,000. Criterion Capital Advisors LLC purchased a new position in Procter & Gamble in the 4th quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at approximately $33,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $35,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PG. Royal Bank of Canada increased their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. Jefferies Financial Group increased their price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Price Performance

Procter & Gamble stock traded up $1.00 during mid-day trading on Thursday, hitting $166.07. 4,670,607 shares of the company were exchanged, compared to its average volume of 6,846,383. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $166.37. The business has a fifty day moving average of $160.33 and a 200 day moving average of $154.57. The company has a market capitalization of $391.95 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.34 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 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 issued a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Insider Activity

In other news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Shailesh Jejurikar sold 31,859 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $164.90, for a total transaction of $5,253,549.10. Following the completion of the transaction, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at approximately $1,605,961.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,112 shares of company stock worth $22,841,321. Corporate insiders own 0.17% of the company’s stock.

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.