Wedgewood Investors Inc. PA Acquires 359 Shares of The Procter & Gamble Company (NYSE:PG)

Wedgewood Investors Inc. PA boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,682 shares of the company’s stock after purchasing an additional 359 shares during the period. Procter & Gamble makes up 2.1% of Wedgewood Investors Inc. PA’s investment portfolio, making the stock its 7th largest holding. Wedgewood Investors Inc. PA’s holdings in Procter & Gamble were worth $1,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wendell David Associates Inc. raised its position in Procter & Gamble by 0.5% in the third quarter. Wendell David Associates Inc. now owns 93,825 shares of the company’s stock worth $13,685,000 after acquiring an additional 491 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Procter & Gamble by 9.3% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 23,924 shares of the company’s stock valued at $3,490,000 after purchasing an additional 2,043 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of Procter & Gamble by 10.8% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 20,677 shares of the company’s stock valued at $3,016,000 after purchasing an additional 2,011 shares during the period. Modus Advisors LLC grew its position in Procter & Gamble by 1.4% during the third quarter. Modus Advisors LLC now owns 15,310 shares of the company’s stock worth $2,233,000 after buying an additional 214 shares during the period. Finally, Signet Investment Advisory Group Inc. increased its stake in Procter & Gamble by 1.2% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,571 shares of the company’s stock valued at $3,000,000 after purchasing an additional 244 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares in the company, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 55,865 shares of company stock valued at $9,009,280 over the last 90 days. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PG shares. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. UBS Group boosted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Barclays lifted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Stock Up 0.1 %

Shares of NYSE PG traded up $0.19 during midday trading on Wednesday, reaching $163.39. 2,062,780 shares of the company’s stock were exchanged, compared to its average volume of 6,878,840. The stock has a market capitalization of $385.62 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $164.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business’s fifty day moving average price is $159.82 and its two-hundred day moving average price is $153.91.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. Analysts forecast that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.46%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is 65.85%.

Procter & Gamble Company 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.