Vestia Personal Wealth Advisors Purchases New Position in The Procter & Gamble Company (NYSE:PG)

Vestia Personal Wealth Advisors acquired a new stake in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,658 shares of the company’s stock, valued at approximately $278,000.

Other institutional investors have also added to or reduced their stakes in the company. Tectonic Advisors LLC boosted its holdings in shares of Procter & Gamble by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 47,057 shares of the company’s stock valued at $7,889,000 after acquiring an additional 5,788 shares during the last quarter. Money Concepts Capital Corp lifted its position in Procter & Gamble by 1.0% during the fourth quarter. Money Concepts Capital Corp now owns 48,560 shares of the company’s stock valued at $8,141,000 after purchasing an additional 458 shares during the period. Confluence Wealth Services Inc. boosted its holdings in Procter & Gamble by 1.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 41,835 shares of the company’s stock worth $6,951,000 after purchasing an additional 497 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Procter & Gamble by 11.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 267,029 shares of the company’s stock worth $45,092,000 after purchasing an additional 28,140 shares during the period. Finally, Jericho Financial LLP purchased a new stake in Procter & Gamble during the 4th quarter valued at $3,793,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.6 %

Shares of PG opened at $169.07 on Thursday. The business’s 50 day moving average is $167.94 and its 200 day moving average is $169.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43. The company has a market capitalization of $396.45 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.73 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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be given 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 dividend yield of 2.38%. Procter & Gamble’s payout ratio is 64.17%.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on 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 sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,097 shares of company stock valued at $25,635,076. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on PG. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. DA Davidson restated a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, Morgan Stanley increased their price target on shares of Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Eight investment 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

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.