Tempus Wealth Planning LLC Acquires 145 Shares of The Procter & Gamble Company (NYSE:PG)

Tempus Wealth Planning LLC boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,715 shares of the company’s stock after acquiring an additional 145 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Procter & Gamble were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PG. Concurrent Investment Advisors LLC grew its position in Procter & Gamble by 4.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after purchasing an additional 4,035 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $569,000. Nordea Investment Management AB increased its position in shares of Procter & Gamble by 7.5% during the fourth quarter. Nordea Investment Management AB now owns 2,898,569 shares of the company’s stock valued at $484,583,000 after acquiring an additional 201,695 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after purchasing an additional 6,077 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $8,604,804.48. Following the completion of the sale, the chief executive officer now owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,097 shares of company stock valued at $25,635,076 over the last 90 days. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.4 %

Procter & Gamble stock opened at $168.16 on Wednesday. The stock has a market cap of $394.32 billion, a P/E ratio of 26.78, a PEG ratio of 3.73 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The firm’s fifty day moving average price is $168.17 and its 200-day moving average price is $169.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $21.66 billion. During the same period last year, the firm posted $1.84 earnings per share. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. Procter & Gamble’s payout ratio is 64.17%.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. 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. Barclays upped their price objective on Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI boosted their target price on Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

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.