Brighton Jones LLC Purchases 13,617 Shares of The Procter & Gamble Company (NYSE:PG)

Brighton Jones LLC boosted its stake in The Procter & Gamble Company (NYSE:PG) by 51.5% during the fourth quarter, HoldingsChannel reports. The firm owned 40,068 shares of the company’s stock after buying an additional 13,617 shares during the period. Brighton Jones LLC’s holdings in Procter & Gamble were worth $6,717,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Montecito Bank & Trust boosted its position in shares of Procter & Gamble by 0.7% during the fourth quarter. Montecito Bank & Trust now owns 31,496 shares of the company’s stock valued at $5,280,000 after purchasing an additional 220 shares in the last quarter. FCG Investment Co grew its stake in shares of Procter & Gamble by 7.2% in the fourth quarter. FCG Investment Co now owns 7,418 shares of the company’s stock worth $1,244,000 after acquiring an additional 499 shares during the period. Apeiron RIA LLC grew its position in Procter & Gamble by 14.2% in the 4th quarter. Apeiron RIA LLC now owns 5,222 shares of the company’s stock worth $875,000 after purchasing an additional 651 shares during the period. Secure Asset Management LLC increased its position in shares of Procter & Gamble by 28.1% during the 4th quarter. Secure Asset Management LLC now owns 5,083 shares of the company’s stock valued at $852,000 after purchasing an additional 1,115 shares during the last quarter. Finally, Red Door Wealth Management LLC lifted its position in Procter & Gamble by 2.9% during the fourth quarter. Red Door Wealth Management LLC now owns 52,069 shares of the company’s stock valued at $8,729,000 after purchasing an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Hsbc Global Res upgraded Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI increased their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Down 1.0 %

NYSE PG opened at $164.41 on Friday. The Procter & Gamble Company has a 52 week low of $152.06 and a 52 week high of $180.43. The stock has a market cap of $387.20 billion, a P/E ratio of 26.18, a PEG ratio of 3.69 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $168.85 and its 200-day simple moving average is $169.34.

Procter & Gamble (NYSE:PG) last issued 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. The company 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 firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. The ex-dividend date is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is 64.17%.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.