FCG Investment Co Purchases 499 Shares of The Procter & Gamble Company (NYSE:PG)

FCG Investment Co boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,418 shares of the company’s stock after purchasing an additional 499 shares during the period. FCG Investment Co’s holdings in Procter & Gamble were worth $1,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apeiron RIA LLC increased its holdings in shares of Procter & Gamble by 14.2% during the fourth quarter. Apeiron RIA LLC now owns 5,222 shares of the company’s stock worth $875,000 after buying an additional 651 shares in the last quarter. Secure Asset Management LLC increased its holdings in Procter & Gamble by 28.1% during the 4th quarter. Secure Asset Management LLC now owns 5,083 shares of the company’s stock valued at $852,000 after purchasing an additional 1,115 shares in the last quarter. Red Door Wealth Management LLC raised its position in Procter & Gamble by 2.9% in the 4th quarter. Red Door Wealth Management LLC now owns 52,069 shares of the company’s stock valued at $8,729,000 after purchasing an additional 1,461 shares during the last quarter. Madrona Financial Services LLC acquired a new position in Procter & Gamble in the fourth quarter worth $382,000. Finally, Galvin Gaustad & Stein LLC grew its holdings in shares of Procter & Gamble by 2.1% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 95,082 shares of the company’s stock worth $15,941,000 after purchasing an additional 1,955 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Evercore ISI upped their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday. UBS Group dropped their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, DA Davidson restated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the completion of the transaction, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of Procter & Gamble stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now directly owns 11,595 shares in the company, valued at $2,002,804.35. This represents a 52.47 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Stock Down 1.0 %

Shares of NYSE PG opened at $164.41 on Friday. The Procter & Gamble Company has a 52-week low of $152.06 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market cap of $387.20 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.69 and a beta of 0.45. The firm has a 50 day moving average price of $168.96 and a 200 day moving average price of $169.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21,657,595.49 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. Analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

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.