The Procter & Gamble Company (NYSE:PG) Shares Acquired by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,122,846 shares of the company’s stock after acquiring an additional 4,653 shares during the period. Procter & Gamble comprises 2.7% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Bartlett & CO. Wealth Management LLC’s holdings in Procter & Gamble were worth $188,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GoalVest Advisory LLC lifted its position in shares of Procter & Gamble by 1.3% during the fourth quarter. GoalVest Advisory LLC now owns 8,581 shares of the company’s stock worth $1,439,000 after purchasing an additional 114 shares in the last quarter. Baker Ellis Asset Management LLC lifted its holdings in Procter & Gamble by 2.5% during the 4th quarter. Baker Ellis Asset Management LLC now owns 4,124 shares of the company’s stock worth $691,000 after buying an additional 100 shares in the last quarter. Phillips Wealth Planners LLC boosted its position in Procter & Gamble by 6.3% in the 4th quarter. Phillips Wealth Planners LLC now owns 6,217 shares of the company’s stock valued at $986,000 after buying an additional 368 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $231,000. Finally, Kelleher Financial Advisors increased its position in shares of Procter & Gamble by 2.1% during the fourth quarter. Kelleher Financial Advisors now owns 5,076 shares of the company’s stock worth $851,000 after acquiring an additional 106 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.9 %

PG stock opened at $166.20 on Friday. The company has a market cap of $391.41 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.64 and a beta of 0.45. The company has a fifty day moving average price of $168.97 and a 200 day moving average price of $169.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $152.06 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The business had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21,657,595.49 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The sale 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 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 sale, the insider now owns 11,595 shares in the company, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PG. UBS Group cut their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.25.

About Procter & Gamble

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.