Chronos Wealth Management LLC Buys 704 Shares of The Procter & Gamble Company (NYSE:PG)

Chronos Wealth Management LLC increased its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,823 shares of the company’s stock after purchasing an additional 704 shares during the quarter. Procter & Gamble makes up 3.1% of Chronos Wealth Management LLC’s holdings, making the stock its 15th biggest position. Chronos Wealth Management LLC’s holdings in Procter & Gamble were worth $6,031,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Legacy Financial Group LLC bought a new position in Procter & Gamble in the 1st quarter valued at $270,000. Park Avenue Securities LLC grew its holdings in shares of Procter & Gamble by 10.7% in the first quarter. Park Avenue Securities LLC now owns 83,748 shares of the company’s stock worth $13,588,000 after purchasing an additional 8,084 shares during the last quarter. Aprio Wealth Management LLC increased its stake in Procter & Gamble by 12.8% in the 1st quarter. Aprio Wealth Management LLC now owns 6,027 shares of the company’s stock worth $978,000 after buying an additional 683 shares during the period. Fragasso Group Inc. lifted its holdings in Procter & Gamble by 1.9% during the 1st quarter. Fragasso Group Inc. now owns 11,143 shares of the company’s stock valued at $1,808,000 after buying an additional 210 shares in the last quarter. Finally, Triangle Securities Wealth Management boosted its position in Procter & Gamble by 3.5% in the 1st quarter. Triangle Securities Wealth Management now owns 15,947 shares of the company’s stock valued at $2,587,000 after buying an additional 540 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Dbs Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st. DA Davidson reaffirmed a “neutral” rating and issued a $159.00 price objective on shares of Procter & Gamble in a research note on Tuesday. Finally, Evercore ISI raised their target price on shares of Procter & Gamble from $177.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 87,979 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $170.40, for a total transaction of $14,991,621.60. Following the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at $51,252,400.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 383,194 shares of company stock worth $65,140,718 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

Shares of PG opened at $171.28 on Friday. The firm has a market capitalization of $404.23 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.53. The company’s fifty day moving average price is $171.77 and its 200-day moving average price is $167.11. The Procter & Gamble Company has a 1-year low of $142.50 and a 1-year high of $177.94.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The business had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 66.94%.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.