Horst & Graben Wealth Management LLC Has $2.65 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Horst & Graben Wealth Management LLC boosted its position in The Procter & Gamble Company (NYSE:PG) by 171.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,796 shares of the company’s stock after purchasing an additional 9,973 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Procter & Gamble were worth $2,648,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PG. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble during the third quarter worth approximately $33,000. New Wave Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $46,000. Costello Asset Management INC increased its stake in shares of Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares in the last quarter. Mendota Financial Group LLC lifted its position in shares of Procter & Gamble by 58.0% during the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company’s stock valued at $63,000 after acquiring an additional 138 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its stake in Procter & Gamble by 138.7% during the third quarter. Itau Unibanco Holding S.A. now owns 401 shares of the company’s stock worth $69,000 after acquiring an additional 233 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PG shares. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group decreased their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. 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. Finally, Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock valued at $25,635,076 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.9 %

NYSE PG opened at $165.98 on Monday. The business’s fifty day moving average is $168.34 and its 200-day moving average is $169.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $389.20 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS 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 33.00%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company 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 dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

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.