Geneos Wealth Management Inc. Invests $2.90 Million in The Procter & Gamble Company (NYSE:PG)

Geneos Wealth Management Inc. bought a new stake in The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,321 shares of the company’s stock, valued at approximately $2,904,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Aspiring Ventures LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $1,339,000. DGS Capital Management LLC lifted its position in Procter & Gamble by 16.3% during the fourth quarter. DGS Capital Management LLC now owns 1,793 shares of the company’s stock valued at $301,000 after buying an additional 251 shares in the last quarter. Atlas Private Wealth Advisors grew its stake in Procter & Gamble by 1.1% during the fourth quarter. Atlas Private Wealth Advisors now owns 16,612 shares of the company’s stock worth $2,785,000 after buying an additional 184 shares during the period. Gradient Investments LLC increased its position in shares of Procter & Gamble by 7.8% in the fourth quarter. Gradient Investments LLC now owns 234,791 shares of the company’s stock worth $39,363,000 after acquiring an additional 16,921 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Procter & Gamble by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 73,223 shares of the company’s stock valued at $12,276,000 after acquiring an additional 1,557 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on PG shares. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 21st. UBS Group dropped their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Stock Down 1.0 %

PG stock opened at $164.41 on Monday. The firm has a fifty day moving average price of $168.85 and a two-hundred day moving average price of $169.37. 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 Procter & Gamble Company has a 1-year low of $152.06 and a 1-year high of $180.43. The firm has a market cap of $387.20 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45.

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

Procter & Gamble Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value 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. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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. 0.18% of the stock is owned by corporate insiders.

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.