Ingalls & Snyder LLC Acquires 3,476 Shares of The Procter & Gamble Company (NYSE:PG)

Ingalls & Snyder LLC raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 233,690 shares of the company’s stock after acquiring an additional 3,476 shares during the period. Procter & Gamble accounts for approximately 1.5% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 12th largest holding. Ingalls & Snyder LLC’s holdings in Procter & Gamble were worth $39,178,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Castle Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 6.4% during the fourth quarter. Castle Wealth Management LLC now owns 7,341 shares of the company’s stock worth $1,231,000 after acquiring an additional 439 shares during the period. Consolidated Planning Corp boosted its holdings in shares of Procter & Gamble by 859.9% during the fourth quarter. Consolidated Planning Corp now owns 32,225 shares of the company’s stock worth $5,403,000 after acquiring an additional 28,868 shares during the period. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Procter & Gamble by 5.5% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 14,212 shares of the company’s stock worth $2,383,000 after acquiring an additional 741 shares during the period. Warren Street Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 13.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 3,700 shares of the company’s stock worth $620,000 after acquiring an additional 433 shares during the period. Finally, Hidden Cove Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $306,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction dated Wednesday, November 27th. The stock was 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 in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $169.58 on Thursday. The stock’s 50-day simple moving average is $166.94 and its 200 day simple moving average is $169.44. The firm has a market capitalization of $397.64 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.37%. Procter & Gamble’s dividend payout ratio is presently 64.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Stifel Nicolaus increased their target price on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Evercore ISI increased their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

About Procter & Gamble

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.