Doyle Wealth Management Boosts Holdings in The Procter & Gamble Company (NYSE:PG)

Doyle Wealth Management grew its holdings in shares of The Procter & Gamble Company (NYSE:PGGet Rating) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,035 shares of the company’s stock after acquiring an additional 1,254 shares during the quarter. Procter & Gamble accounts for approximately 1.4% of Doyle Wealth Management’s holdings, making the stock its 23rd biggest holding. Doyle Wealth Management’s holdings in Procter & Gamble were worth $20,126,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Equitable Holdings Inc. increased its stake in shares of Procter & Gamble by 5.4% in the fourth quarter. Equitable Holdings Inc. now owns 30,791 shares of the company’s stock worth $5,037,000 after buying an additional 1,588 shares during the period. Boston Financial Mangement LLC increased its position in Procter & Gamble by 9.1% during the 4th quarter. Boston Financial Mangement LLC now owns 70,679 shares of the company’s stock valued at $11,562,000 after purchasing an additional 5,901 shares during the period. Peachtree Investment Partners LLC increased its position in Procter & Gamble by 54.4% during the 4th quarter. Peachtree Investment Partners LLC now owns 8,963 shares of the company’s stock valued at $1,466,000 after purchasing an additional 3,157 shares during the period. Stonegate Investment Group LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $11,903,000. Finally, Bridgeworth LLC increased its position in Procter & Gamble by 5.8% during the 4th quarter. Bridgeworth LLC now owns 12,062 shares of the company’s stock valued at $1,973,000 after purchasing an additional 661 shares during the period. 63.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on PG. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Procter & Gamble from $173.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Credit Suisse Group upped their price objective on shares of Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 21st. Royal Bank of Canada lifted their target price on shares of Procter & Gamble from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Thursday, January 20th. JPMorgan Chase & Co. lowered shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. Finally, Zacks Investment Research lowered shares of Procter & Gamble from a “hold” rating to a “sell” rating and set a $163.00 target price for the company. in a report on Tuesday, March 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.47.

PG stock traded down $0.44 during trading on Tuesday, reaching $154.68. The stock had a trading volume of 6,508,676 shares, compared to its average volume of 8,177,155. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $155.14 and its two-hundred day moving average is $155.33. The firm has a market cap of $371.12 billion, a PE ratio of 26.77, a PEG ratio of 4.34 and a beta of 0.39. The Procter & Gamble Company has a 52 week low of $131.94 and a 52 week high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a dividend of $0.9133 per share. The ex-dividend date was 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 (DPR) is currently 63.70%.

In other Procter & Gamble news, CFO Andre Schulten sold 1,335 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $153.51, for a total transaction of $204,935.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The disclosure for this sale can be found here. Insiders have sold 128,515 shares of company stock valued at $20,862,606 in the last quarter. 0.51% of the stock is currently owned by company insiders.

Procter & Gamble Profile (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.

See Also

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

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