Silver Oak Securities Incorporated Has $3.65 Million Position in The Procter & Gamble Company (NYSE:PG)

Silver Oak Securities Incorporated trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,854 shares of the company’s stock after selling 400 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Procter & Gamble were worth $3,652,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB raised its holdings in shares of Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock worth $315,016,000 after buying an additional 1,466,115 shares in the last quarter. Brookstone Capital Management raised its stake in Procter & Gamble by 1.6% during the third quarter. Brookstone Capital Management now owns 62,212 shares of the company’s stock worth $10,775,000 after acquiring an additional 953 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Procter & Gamble by 16.2% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,872 shares of the company’s stock valued at $1,190,000 after acquiring an additional 960 shares during the period. CWM LLC boosted its stake in shares of Procter & Gamble by 4.2% in the 3rd quarter. CWM LLC now owns 476,257 shares of the company’s stock valued at $82,488,000 after purchasing an additional 19,121 shares in the last quarter. Finally, Abner Herrman & Brock LLC grew its holdings in shares of Procter & Gamble by 3.4% in the 3rd quarter. Abner Herrman & Brock LLC now owns 39,827 shares of the company’s stock worth $6,898,000 after purchasing an additional 1,316 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays increased their price target on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.53.

Procter & Gamble Trading Down 0.0 %

Shares of NYSE:PG opened at $168.96 on Friday. The firm has a market cap of $396.18 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.73 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company’s fifty day simple moving average is $167.74 and its 200 day simple moving average is $169.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share 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 company had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the business earned $1.84 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that The Procter & Gamble Company will post 6.91 EPS 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 paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.17%.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated 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 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 sold a total of 151,097 shares of company stock valued at $25,635,076 in the last quarter. Company 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.