Thrive Wealth Management LLC Buys 1,929 Shares of The Procter & Gamble Company (NYSE:PG)

Thrive Wealth Management LLC increased its stake in The Procter & Gamble Company (NYSE:PG) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after buying an additional 1,929 shares during the period. Procter & Gamble accounts for 0.5% of Thrive Wealth Management LLC’s portfolio, making the stock its 26th largest position. Thrive Wealth Management LLC’s holdings in Procter & Gamble were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PG. Diversify Wealth Management LLC raised its position in shares of Procter & Gamble by 48.7% in the 4th quarter. Diversify Wealth Management LLC now owns 21,509 shares of the company’s stock worth $3,411,000 after acquiring an additional 7,045 shares in the last quarter. Smart Money Group LLC raised its holdings in Procter & Gamble by 7.5% in the fourth quarter. Smart Money Group LLC now owns 5,288 shares of the company’s stock worth $886,000 after purchasing an additional 370 shares in the last quarter. Annex Advisory Services LLC lifted its position in Procter & Gamble by 5.3% during the fourth quarter. Annex Advisory Services LLC now owns 34,215 shares of the company’s stock valued at $5,736,000 after buying an additional 1,712 shares during the period. Cascade Investment Group Inc. boosted its holdings in shares of Procter & Gamble by 5.8% during the 4th quarter. Cascade Investment Group Inc. now owns 3,037 shares of the company’s stock valued at $509,000 after buying an additional 166 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of Procter & Gamble by 2.8% in the 4th quarter. Grove Bank & Trust now owns 15,228 shares of the company’s stock worth $2,553,000 after buying an additional 416 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus cut their target price on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.65.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE:PG opened at $161.35 on Tuesday. The Procter & Gamble Company has a 52-week low of $146.28 and a 52-week high of $180.43. The stock has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.41 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75. The stock’s 50-day simple moving average is $169.19 and its two-hundred day simple moving average is $169.46.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 earnings per share. Analysts expect that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is 69.48%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the transaction, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. The trade was a 52.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,447 shares of company stock worth $12,978,820. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.