Lantz Financial LLC Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Lantz Financial LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,196 shares of the company’s stock after purchasing an additional 147 shares during the period. Lantz Financial LLC’s holdings in Procter & Gamble were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Procter & Gamble during the third quarter worth $33,000. Costello Asset Management INC raised its holdings in shares of Procter & Gamble by 2,142.9% during the third quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in shares of Procter & Gamble during the second quarter worth $58,000. Mendota Financial Group LLC grew its position in Procter & Gamble by 58.0% during the fourth quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after buying an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. grew its position in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock valued at $69,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $164.41 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.55. The firm’s 50-day moving average is $168.85 and its two-hundred day moving average is $169.37. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43. The company has a market capitalization of $387.20 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 EPS. Analysts predict that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday. Barclays raised their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley raised their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, UBS Group dropped their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $180.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, 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 transaction of $8,604,804.48. Following the completion of the transaction, the chief executive officer now owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. Company 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.