Shepherd Financial Partners LLC Has $2.92 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Shepherd Financial Partners LLC grew its stake in The Procter & Gamble Company (NYSE:PGFree Report) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,037 shares of the company’s stock after purchasing an additional 921 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Procter & Gamble were worth $2,922,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its position in Procter & Gamble by 96,526.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 38,535,557 shares of the company’s stock worth $5,840,449,000 after purchasing an additional 38,495,676 shares during the last quarter. Norges Bank purchased a new position in Procter & Gamble in the fourth quarter worth $3,752,321,000. Morgan Stanley boosted its position in Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock worth $6,717,246,000 after purchasing an additional 4,959,527 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Procter & Gamble by 742.9% in the second quarter. Fisher Asset Management LLC now owns 4,862,949 shares of the company’s stock valued at $737,904,000 after buying an additional 4,285,986 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Procter & Gamble in the second quarter valued at $685,677,000. 63.43% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In related news, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the completion of the sale, the chief executive officer now directly owns 24,438 shares in the company, valued at approximately $3,750,499.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 19,661 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total value of $3,017,373.67. Following the completion of the transaction, the chief executive officer now directly owns 24,438 shares of the company’s stock, valued at approximately $3,750,499.86. The disclosure for this sale can be found here. Insiders sold 278,658 shares of company stock worth $42,921,732 in the last ninety days. 0.17% of the stock is owned by company insiders.

Procter & Gamble Price Performance

NYSE PG traded up $0.01 during trading on Wednesday, reaching $158.97. The company’s stock had a trading volume of 3,928,226 shares, compared to its average volume of 8,227,459. The stock has a market capitalization of $374.06 billion, a PE ratio of 26.67, a P/E/G ratio of 3.23 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The firm has a fifty day moving average of $149.68 and a 200 day moving average of $150.76. The Procter & Gamble Company has a one year low of $135.83 and a one year high of $159.83.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders 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 dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. DZ Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research note on Friday, October 20th. Barclays boosted their target price on Procter & Gamble from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Sunday, January 28th. Wells Fargo & Company boosted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus boosted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.06.

Check Out Our Latest Stock Report on Procter & Gamble

About Procter & Gamble

(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.

Further Reading

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

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