Beaumont Financial Advisors LLC Purchases 186 Shares of The Procter & Gamble Company (NYSE:PG)

Beaumont Financial Advisors LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,509 shares of the company’s stock after acquiring an additional 186 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Procter & Gamble were worth $3,271,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp increased its position in shares of Procter & Gamble by 1,135.1% during the second quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock worth $3,412,000 after acquiring an additional 19,013 shares during the period. Wescott Financial Advisory Group LLC raised its position in Procter & Gamble by 10.1% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 23,146 shares of the company’s stock valued at $3,817,000 after purchasing an additional 2,114 shares in the last quarter. Fred Alger Management LLC raised its position in Procter & Gamble by 4.7% during the 2nd quarter. Fred Alger Management LLC now owns 67,580 shares of the company’s stock valued at $11,145,000 after purchasing an additional 3,006 shares in the last quarter. Trinity Legacy Partners LLC lifted its holdings in shares of Procter & Gamble by 1.2% in the 2nd quarter. Trinity Legacy Partners LLC now owns 33,219 shares of the company’s stock worth $5,478,000 after buying an additional 409 shares during the period. Finally, Prairie Wealth Advisors Inc. increased its stake in shares of Procter & Gamble by 3.0% during the second quarter. Prairie Wealth Advisors Inc. now owns 3,453 shares of the company’s stock valued at $569,000 after buying an additional 99 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 1.8 %

NYSE:PG opened at $164.57 on Thursday. The company has a market capitalization of $387.56 billion, a P/E ratio of 28.37, a PEG ratio of 3.63 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The firm has a fifty day simple moving average of $169.01 and a 200-day simple moving average of $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PG. DA Davidson reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Barclays dropped their price objective on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Evercore ISI boosted their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price objective on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.