Significant Wealth Partners LLC Makes New $740,000 Investment in The Procter & Gamble Company (NYSE:PG)

Significant Wealth Partners LLC bought a new position in The Procter & Gamble Company (NYSE:PG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 5,048 shares of the company’s stock, valued at approximately $740,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after acquiring an additional 3,047,557 shares during the period. Northern Trust Corp lifted its stake in Procter & Gamble by 2.3% in the 3rd quarter. Northern Trust Corp now owns 29,313,150 shares of the company’s stock worth $4,275,616,000 after acquiring an additional 670,862 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after purchasing an additional 131,339 shares during the period. Royal Bank of Canada increased its stake in shares of Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock worth $1,629,299,000 after acquiring an additional 346,925 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Procter & Gamble by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 8,104,500 shares of the company’s stock worth $1,182,122,000 after purchasing an additional 63,036 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Barclays raised their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. The Goldman Sachs Group assumed coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.76.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the completion of the sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock valued at $43,187,745 over the last 90 days. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 1.7 %

Procter & Gamble stock traded up $2.64 during mid-day trading on Monday, reaching $160.78. 4,134,354 shares of the company traded hands, compared to its average volume of 6,894,432. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The firm’s 50 day moving average price is $159.14 and its 200 day moving average price is $153.02. The firm has a market capitalization of $378.32 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 3.19 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.53 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Profile

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.