Jmac Enterprises LLC Buys 814 Shares of The Procter & Gamble Company (NYSE:PG)

Jmac Enterprises LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 14,963 shares of the company’s stock after purchasing an additional 814 shares during the period. Jmac Enterprises LLC’s holdings in Procter & Gamble were worth $2,509,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in PG. AMF Tjanstepension AB grew its holdings in Procter & Gamble by 416.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,818,490 shares of the company’s stock valued at $315,016,000 after buying an additional 1,466,115 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of Procter & Gamble by 111.1% during the third quarter. Fiduciary Alliance LLC now owns 4,773 shares of the company’s stock worth $827,000 after buying an additional 2,512 shares during the last quarter. CX Institutional grew its stake in shares of Procter & Gamble by 15.0% in the third quarter. CX Institutional now owns 48,202 shares of the company’s stock worth $8,349,000 after acquiring an additional 6,299 shares during the last quarter. Creative Planning raised its stake in Procter & Gamble by 3.5% during the 3rd quarter. Creative Planning now owns 1,393,443 shares of the company’s stock valued at $241,344,000 after purchasing an additional 47,551 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its holdings in Procter & Gamble by 9.8% in the 3rd quarter. Iams Wealth Management LLC now owns 12,262 shares of the company’s stock valued at $2,124,000 after purchasing an additional 1,094 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated 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 directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock worth $25,635,076 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $169.53 on Wednesday. The firm’s 50 day moving average price is $167.06 and its two-hundred day moving average price is $169.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The stock has a market cap of $397.52 billion, a PE ratio of 26.99, a PEG ratio of 3.79 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.37%. Procter & Gamble’s dividend payout ratio is 64.17%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. UBS Group dropped their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. 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.com, the company 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.