The Procter & Gamble Company (NYSE:PG) Shares Purchased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,766 shares of the company’s stock after purchasing an additional 121 shares during the quarter. Procter & Gamble accounts for 1.9% of Kavar Capital Partners Group LLC’s portfolio, making the stock its 10th largest holding. Kavar Capital Partners Group LLC’s holdings in Procter & Gamble were worth $11,193,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quarry LP grew its position in Procter & Gamble by 177.0% during the 2nd quarter. Quarry LP now owns 820 shares of the company’s stock worth $135,000 after acquiring an additional 524 shares during the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of Procter & Gamble by 12.2% during the second quarter. Gateway Wealth Partners LLC now owns 2,227 shares of the company’s stock worth $367,000 after purchasing an additional 243 shares during the last quarter. Advisory Alpha LLC increased its stake in shares of Procter & Gamble by 5.5% in the second quarter. Advisory Alpha LLC now owns 13,065 shares of the company’s stock valued at $2,155,000 after buying an additional 681 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Procter & Gamble by 1.4% in the second quarter. 3Chopt Investment Partners LLC now owns 18,225 shares of the company’s stock valued at $3,006,000 after buying an additional 253 shares during the last quarter. Finally, Aldebaran Financial Inc. lifted its position in Procter & Gamble by 1.2% during the 2nd quarter. Aldebaran Financial Inc. now owns 13,216 shares of the company’s stock worth $2,180,000 after buying an additional 159 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock worth $25,635,076 over the last three months. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PG shares. Morgan Stanley lifted their target price on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. cut 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. Evercore ISI raised their price objective on shares of Procter & Gamble from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus raised their price objective on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Eight equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Trading Down 1.9 %

Shares of NYSE:PG opened at $166.35 on Wednesday. The stock has a market cap of $390.07 billion, a PE ratio of 26.49, a P/E/G ratio of 3.69 and a beta of 0.45. The business has a 50 day moving average of $168.83 and a 200-day moving average of $169.42. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a 12-month low of $153.52 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) 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 32.88%. The company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. Procter & Gamble’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

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.