13,782 Shares in Procter & Gamble Company (The) $PG Acquired by MOR Wealth Management LLC

MOR Wealth Management LLC acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,782 shares of the company’s stock, valued at approximately $1,975,000. Procter & Gamble comprises 0.9% of MOR Wealth Management LLC’s holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of PG. Vanguard Group Inc. lifted its position in Procter & Gamble by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock valued at $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. State Street Corp increased its stake in shares of Procter & Gamble by 0.4% in the third quarter. State Street Corp now owns 100,634,824 shares of the company’s stock valued at $15,462,541,000 after purchasing an additional 370,872 shares during the period. Franklin Resources Inc. raised its holdings in shares of Procter & Gamble by 8.3% during the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company’s stock valued at $3,510,955,000 after buying an additional 1,752,481 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Procter & Gamble by 1.2% during the third quarter. Legal & General Group Plc now owns 16,556,061 shares of the company’s stock valued at $2,543,839,000 after buying an additional 189,968 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Procter & Gamble by 21.4% during the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after buying an additional 2,880,895 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares in the company, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

NYSE:PG opened at $142.76 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $153.93 and its 200 day moving average price is $150.07. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $174.80. The firm has a market cap of $331.78 billion, a P/E ratio of 21.15, a PEG ratio of 4.77 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on PG shares. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. BNP Paribas Exane lowered their price target on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Rothschild & Co Redburn boosted their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Get Our Latest Stock Analysis on Procter & Gamble

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Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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