Masso Torrence Wealth Management Inc. Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Masso Torrence Wealth Management Inc. acquired a new position in shares of The Procter & Gamble Company (NYSE:PGGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,107 shares of the company’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. North Star Asset Management Inc. boosted its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock worth $3,078,000 after buying an additional 258 shares during the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Procter & Gamble by 2.9% in the 4th quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after buying an additional 3,754 shares during the last quarter. Adviser Investments LLC boosted its stake in shares of Procter & Gamble by 3.1% in the 4th quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock worth $9,840,000 after buying an additional 1,793 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Procter & Gamble by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock worth $13,590,000 after buying an additional 6,550 shares during the last quarter. Finally, Bar Harbor Trust Services boosted its stake in shares of Procter & Gamble by 6.9% in the 4th quarter. Bar Harbor Trust Services now owns 15,659 shares of the company’s stock worth $2,562,000 after buying an additional 1,006 shares during the last quarter. 63.64% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $181.00 to $165.00 in a research note on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Procter & Gamble from $173.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Raymond James upped their price objective on Procter & Gamble from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. The Goldman Sachs Group dropped their price objective on Procter & Gamble from $179.00 to $173.00 in a research note on Tuesday, March 29th. Finally, Barclays upped their price objective on Procter & Gamble from $167.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.47.

Shares of Procter & Gamble stock traded down $0.88 during trading on Tuesday, hitting $154.73. The stock had a trading volume of 64,638 shares, compared to its average volume of 8,247,234. The firm has a market cap of $371.24 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 4.41 and a beta of 0.39. The Procter & Gamble Company has a 12 month low of $131.94 and a 12 month high of $165.35. The business’s 50-day moving average is $155.03 and its 200 day moving average is $154.93. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53.

Procter & Gamble (NYSE:PGGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, equities analysts expect that The Procter & Gamble Company will post 5.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Friday, April 22nd will be issued a $0.9133 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.36%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio is presently 63.70%.

In related news, CFO Andre Schulten sold 1,335 shares of the stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total value of $204,935.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now directly owns 1,220 shares in the company, valued at approximately $198,164.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,515 shares of company stock worth $20,862,606. Insiders own 0.51% of the company’s stock.

About Procter & Gamble (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading

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

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