The Procter & Gamble Company (NYSE:PG) Shares Purchased by Glassman Wealth Services

Glassman Wealth Services boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,714 shares of the company’s stock after buying an additional 981 shares during the quarter. Glassman Wealth Services’ holdings in Procter & Gamble were worth $2,010,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advantage Trust Co acquired a new position in Procter & Gamble in the 4th quarter worth approximately $28,000. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $29,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $29,000. Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $33,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

PG traded down $0.16 during trading on Friday, hitting $165.33. The stock had a trading volume of 3,820,090 shares, compared to its average volume of 5,487,361. The firm has a market cap of $390.20 billion, a PE ratio of 27.01, a P/E/G ratio of 3.36 and a beta of 0.43. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $168.54. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $161.83 and a 200-day simple moving average of $155.99.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 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 the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 EPS. Analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Gary A. Coombe sold 21,388 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the transaction, the chief executive officer now owns 36,854 shares in the company, valued at approximately $6,080,172.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,320 shares of company stock worth $25,535,744. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PG shares. Barclays raised their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. Finally, Argus lifted their target price on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.76.

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.