Obermeyer Wood Investment Counsel Lllp Increases Stake in The Procter & Gamble Company (NYSE:PG)

Obermeyer Wood Investment Counsel Lllp increased its holdings in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,890 shares of the company’s stock after purchasing an additional 452 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Procter & Gamble were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Your Advocates Ltd. LLP lifted its holdings in Procter & Gamble by 632.0% in the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after acquiring an additional 158 shares during the period. Wunderlich Capital Managemnt purchased a new stake in Procter & Gamble in the second quarter worth about $40,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble during the second quarter worth about $50,000. CGC Financial Services LLC purchased a new stake in shares of Procter & Gamble during the second quarter worth about $55,000. Finally, VitalStone Financial LLC bought a new position in Procter & Gamble during the second quarter valued at approximately $60,000. 63.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PG shares. Jefferies Financial Group started coverage on Procter & Gamble in a research note on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. DZ Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target on the stock in a report on Friday, October 20th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Sunday, January 28th. Finally, Barclays lifted their price target on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $167.06.

View Our Latest Analysis on Procter & Gamble

Procter & Gamble Price Performance

NYSE:PG traded up $0.50 during trading hours on Wednesday, hitting $159.46. 3,008,412 shares of the stock were exchanged, compared to its average volume of 8,191,923. The Procter & Gamble Company has a 52-week low of $135.83 and a 52-week high of $159.83. The firm’s fifty day moving average price is $149.68 and its 200 day moving average price is $150.76. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. The company has a market cap of $375.21 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.23 and a beta of 0.45.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company had revenue of $21.44 billion during the quarter, compared to analyst estimates of $21.48 billion. During the same period in the previous year, the business earned $1.59 EPS. Procter & Gamble’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s dividend payout ratio is presently 62.98%.

Insider Activity at Procter & Gamble

In related news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The disclosure for this sale can be found here. Over the last three months, insiders have sold 278,658 shares of company stock worth $42,921,732. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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