The Procter & Gamble Company (NYSE:PG) Shares Acquired by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,308 shares of the company’s stock after purchasing an additional 383 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Procter & Gamble were worth $3,069,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its stake in Procter & Gamble by 1,135.1% during the 2nd quarter. Fiera Capital Corp now owns 20,688 shares of the company’s stock valued at $3,412,000 after acquiring an additional 19,013 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $36,000. Cowa LLC raised its stake in shares of Procter & Gamble by 8.2% during the second quarter. Cowa LLC now owns 2,646 shares of the company’s stock worth $436,000 after purchasing an additional 200 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 3.0% during the second quarter. Brighton Jones LLC now owns 29,006 shares of the company’s stock worth $4,784,000 after purchasing an additional 838 shares during the period. Finally, Ieq Capital LLC grew its position in Procter & Gamble by 13.2% in the 2nd quarter. Ieq Capital LLC now owns 131,962 shares of the company’s stock valued at $21,763,000 after buying an additional 15,337 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PG. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley boosted their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus reduced their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a report on Friday. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.65.

Insider Activity

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total value of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares in the company, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,439 shares of company stock valued at $13,317,460 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $161.35 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $169.32 and a two-hundred day moving average price of $169.39. The Procter & Gamble Company has a twelve month low of $146.28 and a twelve month high of $180.43. The company has a market capitalization of $379.98 billion, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45.

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

Procter & Gamble Dividend Announcement

The firm 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 $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 69.48%.

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.