True Link Financial Advisors LLC Acquires Shares of 1,660 The Procter & Gamble Company (NYSE:PG)

True Link Financial Advisors LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,660 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Strong Tower Advisory Services grew its stake in Procter & Gamble by 12.0% in the 4th quarter. Strong Tower Advisory Services now owns 12,068 shares of the company’s stock valued at $2,023,000 after purchasing an additional 1,297 shares during the period. M.E. Allison & CO. Inc. purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $1,533,000. Thrive Wealth Management LLC increased its holdings in Procter & Gamble by 12.8% during the fourth quarter. Thrive Wealth Management LLC now owns 17,000 shares of the company’s stock worth $2,850,000 after buying an additional 1,929 shares during the last quarter. Diversify Wealth Management LLC raised its position in Procter & Gamble by 48.7% in the fourth quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock worth $3,411,000 after acquiring an additional 7,045 shares during the period. Finally, Smart Money Group LLC boosted its stake in Procter & Gamble by 7.5% in the fourth quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock valued at $886,000 after acquiring an additional 370 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

PG opened at $161.35 on Tuesday. 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 1 year low of $146.28 and a 1 year high of $180.43. The firm has a market cap of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The stock’s 50 day simple moving average is $169.19 and its 200 day simple moving average is $169.46.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, analysts predict that The Procter & Gamble Company will post 6.93 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the transaction, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,447 shares of company stock worth $12,978,820. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI lifted their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight 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’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.65.

Procter & Gamble 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.