RFG Advisory LLC Purchases 2,031 Shares of The Procter & Gamble Company (NYSE:PG)

RFG Advisory LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,652 shares of the company’s stock after purchasing an additional 2,031 shares during the period. RFG Advisory LLC’s holdings in Procter & Gamble were worth $6,815,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Motive Wealth Advisors raised its stake in Procter & Gamble by 20.2% during the 4th quarter. Motive Wealth Advisors now owns 1,870 shares of the company’s stock worth $314,000 after acquiring an additional 314 shares during the period. MFA Wealth Services bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $864,000. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Procter & Gamble by 13.4% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 13,706 shares of the company’s stock worth $2,298,000 after purchasing an additional 1,620 shares during the period. Cornerstone Wealth Management LLC increased its position in Procter & Gamble by 1.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 100,785 shares of the company’s stock valued at $16,897,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in Procter & Gamble by 2.8% during the 4th quarter. Johnson Bixby & Associates LLC now owns 3,724 shares of the company’s stock valued at $624,000 after purchasing an additional 100 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday. Barclays increased their price objective 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. DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Stock Performance

NYSE PG opened at $164.41 on Friday. The stock’s 50 day simple moving average is $168.85 and its 200-day simple moving average is $169.34. The Procter & Gamble Company has a 1-year low of $152.06 and a 1-year high of $180.43. 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 company has a market cap 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 earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates 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 last year, the company posted $1.84 EPS. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.45%. Procter & Gamble’s payout ratio is 64.17%.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 11,595 shares of the company’s stock, valued at approximately $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.