Gilliland Jeter Wealth Management LLC Takes Position in The Procter & Gamble Company (NYSE:PG)

Gilliland Jeter Wealth Management LLC purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,117 shares of the company’s stock, valued at approximately $1,190,000.

Other large investors also recently modified their holdings of the company. Wyrmwood Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at $33,000. Mendota Financial Group LLC grew its holdings in Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares during the period. Finally, Morton Brown Family Wealth LLC grew its holdings in Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after acquiring an additional 281 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.8 %

Shares of Procter & Gamble stock traded down $1.26 during trading on Friday, hitting $161.29. 5,659,784 shares of the stock traded hands, compared to its average volume of 6,820,118. The stock has a market cap of $380.67 billion, a P/E ratio of 26.35, a PEG ratio of 3.27 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32. The company has a fifty day moving average price of $159.64 and a two-hundred day moving average price of $153.57.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Equities research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated 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. Royal Bank of Canada lifted their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 973 shares of the company’s stock, valued at approximately $151,788. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 973 shares of the company’s stock, valued at approximately $151,788. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,865 shares of company stock valued at $16,029,280. Corporate insiders own 0.17% of the company’s stock.

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.