Wheelhouse Advisory Group LLC Invests $766,000 in The Procter & Gamble Company (NYSE:PG)

Wheelhouse Advisory Group LLC bought a new position in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,226 shares of the company’s stock, valued at approximately $766,000. Procter & Gamble makes up about 0.7% of Wheelhouse Advisory Group LLC’s holdings, making the stock its 19th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Davidson Trust Co. raised its stake in Procter & Gamble by 1.9% during the fourth quarter. Davidson Trust Co. now owns 20,252 shares of the company’s stock valued at $2,968,000 after purchasing an additional 376 shares in the last quarter. HTLF Bank purchased a new stake in Procter & Gamble during the fourth quarter valued at $4,511,000. Kellett Wealth Advisors LLC raised its stake in Procter & Gamble by 16.9% during the fourth quarter. Kellett Wealth Advisors LLC now owns 51,042 shares of the company’s stock valued at $7,480,000 after purchasing an additional 7,386 shares in the last quarter. Echo45 Advisors LLC raised its stake in Procter & Gamble by 10.8% during the fourth quarter. Echo45 Advisors LLC now owns 1,653 shares of the company’s stock valued at $242,000 after purchasing an additional 161 shares in the last quarter. Finally, Sterling Financial Planning Inc. raised its stake in Procter & Gamble by 45.0% during the fourth quarter. Sterling Financial Planning Inc. now owns 3,533 shares of the company’s stock valued at $518,000 after purchasing an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Barclays increased their target price on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Royal Bank of Canada increased their target price on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.53.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Insiders sold 279,063 shares of company stock valued at $43,187,745 in the last three months. 0.17% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.5 %

Shares of NYSE:PG traded down $0.73 during trading on Friday, reaching $156.56. The stock had a trading volume of 5,394,917 shares, compared to its average volume of 6,842,660. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The company has a market capitalization of $368.39 billion, a P/E ratio of 26.18, a PEG ratio of 3.21 and a beta of 0.44. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $159.13 and its 200 day simple moving average is $152.83.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the business earned $1.37 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, research analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.34%.

About Procter & Gamble

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.