Octavia Wealth Advisors LLC Acquires 405 Shares of The Procter & Gamble Company (NYSE:PG)

Octavia Wealth Advisors LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,241 shares of the company’s stock after purchasing an additional 405 shares during the period. Procter & Gamble makes up approximately 1.2% of Octavia Wealth Advisors LLC’s portfolio, making the stock its 20th biggest holding. Octavia Wealth Advisors LLC’s holdings in Procter & Gamble were worth $10,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Procter & Gamble by 19,030.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,693,593 shares of the company’s stock valued at $639,730,000 after buying an additional 3,674,286 shares in the last quarter. Geode Capital Management LLC raised its position in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. Franklin Resources Inc. lifted its stake in Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after purchasing an additional 1,760,214 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $301,950,000. Finally, AMF Tjanstepension AB increased its position in shares of Procter & Gamble by 416.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after purchasing an additional 1,466,115 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Stifel Nicolaus cut their target price on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and set a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Barclays lowered their target price on Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Eight equities 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. 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 Trading Up 1.8 %

NYSE PG opened at $164.57 on Thursday. The stock’s 50 day moving average is $169.01 and its 200 day moving average is $169.41. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $387.56 billion, a PE ratio of 28.37, a P/E/G ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping 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 firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21,657,595.49 billion. During the same period in the prior year, the firm earned $1.84 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Research analysts forecast that The Procter & Gamble Company will post 6.92 earnings per share for the current fiscal 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 given a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’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 transaction, the insider now owns 11,595 shares of the company’s stock, 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 company insiders.

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.