Sound View Wealth Advisors Group LLC Purchases 1,106 Shares of The Procter & Gamble Company (NYSE:PG)

Sound View Wealth Advisors Group LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,502 shares of the company’s stock after purchasing an additional 1,106 shares during the quarter. Procter & Gamble makes up about 1.2% of Sound View Wealth Advisors Group LLC’s portfolio, making the stock its 20th largest position. Sound View Wealth Advisors Group LLC’s holdings in Procter & Gamble were worth $15,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Enterprise Financial Services Corp raised its holdings in shares of Procter & Gamble by 15.0% during the 4th quarter. Enterprise Financial Services Corp now owns 10,439 shares of the company’s stock valued at $1,750,000 after buying an additional 1,359 shares in the last quarter. Argentarii LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $2,218,000. Jackson Hole Capital Partners LLC raised its holdings in shares of Procter & Gamble by 1.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 15,643 shares of the company’s stock valued at $2,623,000 after buying an additional 221 shares in the last quarter. Horan Securities Inc. raised its holdings in shares of Procter & Gamble by 0.6% during the 4th quarter. Horan Securities Inc. now owns 47,855 shares of the company’s stock valued at $8,023,000 after buying an additional 290 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,856,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.8 %

Procter & Gamble stock opened at $176.06 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $166.85 and its two-hundred day simple moving average is $169.77. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market capitalization of $412.84 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares of the company’s stock, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was 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 directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock worth $23,988,008 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Stifel Nicolaus lifted their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased 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. Finally, Barclays lifted their price target 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. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.11.

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.