IPG Investment Advisors LLC Grows Stake in The Procter & Gamble Company (NYSE:PG)

IPG Investment Advisors LLC grew its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 39.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,712 shares of the company’s stock after buying an additional 2,189 shares during the quarter. IPG Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Investment Partners LLC boosted its holdings in shares of Procter & Gamble by 4.1% in the second quarter. Davis Investment Partners LLC now owns 1,658 shares of the company’s stock valued at $250,000 after acquiring an additional 66 shares in the last quarter. LWM Advisory Services LLC lifted its position in Procter & Gamble by 2.2% in the 2nd quarter. LWM Advisory Services LLC now owns 3,018 shares of the company’s stock worth $457,000 after buying an additional 66 shares in the last quarter. Proquility Private Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 1.1% during the 2nd quarter. Proquility Private Wealth Partners LLC now owns 6,008 shares of the company’s stock valued at $912,000 after purchasing an additional 66 shares in the last quarter. KFA Private Wealth Group LLC raised its holdings in shares of Procter & Gamble by 2.2% during the 3rd quarter. KFA Private Wealth Group LLC now owns 3,054 shares of the company’s stock valued at $445,000 after purchasing an additional 67 shares in the last quarter. Finally, Hilton Capital Management LLC raised its holdings in shares of Procter & Gamble by 4.2% during the 2nd quarter. Hilton Capital Management LLC now owns 1,716 shares of the company’s stock valued at $260,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the topic of a number of research analyst reports. DZ Bank upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research note on Friday, October 20th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Sunday, January 28th. UBS Group lifted their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Finally, Raymond James lifted their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.06.

Read Our Latest Stock Report on PG

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 6,575 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.47, for a total transaction of $1,009,065.25. Following the sale, the chief executive officer now directly owns 5,620 shares in the company, valued at $862,501.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO R. Alexandra Keith sold 6,575 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $153.47, for a total value of $1,009,065.25. Following the sale, the chief executive officer now directly owns 5,620 shares in the company, valued at approximately $862,501.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the sale, the chief executive officer now owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Insiders have sold 278,658 shares of company stock worth $42,921,732 over the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.3 %

Shares of PG stock traded down $0.40 during trading on Monday, reaching $157.02. The company’s stock had a trading volume of 2,314,312 shares, compared to its average volume of 7,981,657. 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 business has a fifty day moving average price of $150.04 and a 200-day moving average price of $150.86. The Procter & Gamble Company has a one year low of $136.10 and a one year high of $159.83. The company has a market cap of $369.47 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.21 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, January 19th will be paid a dividend of $0.9407 per share. The ex-dividend date is Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a yield of 2.40%. Procter & Gamble’s payout ratio is 62.98%.

Procter & Gamble Profile

(Free Report)

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.

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

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