D.B. Root & Company LLC Acquires 235 Shares of The Procter & Gamble Company (NYSE:PG)

D.B. Root & Company LLC increased its holdings in The Procter & Gamble Company (NYSE:PG) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,579 shares of the company’s stock after purchasing an additional 235 shares during the period. D.B. Root & Company LLC’s holdings in Procter & Gamble were worth $600,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PG. Echo45 Advisors LLC boosted its stake in Procter & Gamble by 25.9% during the fourth quarter. Echo45 Advisors LLC now owns 1,562 shares of the company’s stock worth $258,000 after buying an additional 321 shares during the period. Independent Wealth Network Inc. boosted its stake in Procter & Gamble by 4.7% during the fourth quarter. Independent Wealth Network Inc. now owns 1,832 shares of the company’s stock worth $307,000 after buying an additional 82 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in Procter & Gamble by 0.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,122,846 shares of the company’s stock worth $188,245,000 after buying an additional 4,653 shares during the period. GoalVest Advisory LLC boosted its stake in Procter & Gamble by 1.3% during the fourth quarter. GoalVest Advisory LLC now owns 8,581 shares of the company’s stock worth $1,439,000 after buying an additional 114 shares during the period. Finally, Baker Ellis Asset Management LLC boosted its stake in Procter & Gamble by 2.5% during the fourth quarter. Baker Ellis Asset Management LLC now owns 4,124 shares of the company’s stock worth $691,000 after buying an additional 100 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction that occurred 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 transaction, 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. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 1.0 %

NYSE:PG opened at $164.41 on Friday. The Procter & Gamble Company has a fifty-two week low of $152.06 and a fifty-two week high of $180.43. The stock has a market capitalization of $387.20 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The company’s 50-day simple moving average is $168.96 and its 200-day simple moving average is $169.36.

Procter & Gamble (NYSE:PG) last released its quarterly 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. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is currently 64.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PG. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday. UBS Group lowered their target price on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.53.

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.