Whalen Wealth Management Inc. Purchases Shares of 3,751 Procter & Gamble Company (The) $PG

Whalen Wealth Management Inc. acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,751 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds have also recently made changes to their positions in PG. Emprise Bank raised its holdings in shares of Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after acquiring an additional 68 shares during the last quarter. Affiance Financial LLC boosted its stake in Procter & Gamble by 2.5% during the 3rd quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock valued at $431,000 after purchasing an additional 69 shares during the last quarter. Beech Hill Advisors Inc. increased its holdings in Procter & Gamble by 0.5% during the 4th quarter. Beech Hill Advisors Inc. now owns 14,238 shares of the company’s stock worth $2,040,000 after purchasing an additional 70 shares in the last quarter. Dominguez Wealth Management Solutions Inc. raised its stake in shares of Procter & Gamble by 0.3% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock worth $3,144,000 after purchasing an additional 71 shares during the last quarter. Finally, Aull & Monroe Investment Management Corp raised its stake in shares of Procter & Gamble by 0.3% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 28,113 shares of the company’s stock worth $4,029,000 after purchasing an additional 71 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,618 shares of company stock valued at $55,462,643 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on PG. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Rothschild & Co Redburn increased their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. UBS Group upped their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $171.00 to $162.00 and set a “hold” rating for the company in a report on Monday, March 30th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.06.

Procter & Gamble Stock Performance

Shares of PG opened at $143.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $332.46 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 5.04 and a beta of 0.41. The stock has a 50 day moving average of $153.57 and a 200 day moving average of $149.64. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $174.80.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s payout ratio is 62.67%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.