SeaCrest Wealth Management LLC Buys 129 Shares of The Procter & Gamble Company (NYSE:PG)

SeaCrest Wealth Management LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,620 shares of the company’s stock after acquiring an additional 129 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in The Procter & Gamble were worth $4,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PG. Arrowstreet Capital Limited Partnership lifted its stake in The Procter & Gamble by 67.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,579,647 shares of the company’s stock worth $1,192,485,000 after purchasing an additional 3,446,672 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in The Procter & Gamble by 356.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,084,005 shares of the company’s stock worth $289,968,000 after purchasing an additional 1,627,649 shares during the last quarter. First Trust Advisors LP lifted its stake in The Procter & Gamble by 215.5% in the fourth quarter. First Trust Advisors LP now owns 1,487,220 shares of the company’s stock worth $206,932,000 after purchasing an additional 1,015,831 shares during the last quarter. CIBC World Markets Inc. increased its position in shares of The Procter & Gamble by 157.1% in the fourth quarter. CIBC World Markets Inc. now owns 1,442,238 shares of the company’s stock valued at $200,673,000 after acquiring an additional 881,275 shares during the period. Finally, Jupiter Asset Management Ltd. increased its position in shares of The Procter & Gamble by 687.9% in the third quarter. Jupiter Asset Management Ltd. now owns 927,993 shares of the company’s stock valued at $128,861,000 after acquiring an additional 810,207 shares during the period. 63.05% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the stock. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Friday, January 22nd. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a research report on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, January 13th. Stifel Nicolaus cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price target on the stock. in a research report on Thursday, January 28th. Finally, Zacks Investment Research cut shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price target on the stock. in a research report on Thursday, January 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The Procter & Gamble currently has a consensus rating of “Buy” and a consensus target price of $146.75.

In related news, insider Marc S. Pritchard sold 95,163 shares of the stock in a transaction that occurred on Thursday, January 21st. The shares were sold at an average price of $130.65, for a total transaction of $12,433,045.95. Following the transaction, the insider now owns 224,749 shares in the company, valued at $29,363,456.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nelson Peltz sold 107,372 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $128.00, for a total transaction of $13,743,616.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 917,982 shares of company stock worth $120,898,322. Insiders own 0.70% of the company’s stock.

Shares of NYSE PG traded up $1.56 during midday trading on Tuesday, hitting $128.14. The stock had a trading volume of 210,513 shares, compared to its average volume of 7,732,347. The business’s 50 day moving average is $131.77 and its 200-day moving average is $137.05. The company has a market cap of $315.54 billion, a P/E ratio of 24.20, a PEG ratio of 3.25 and a beta of 0.38. The Procter & Gamble Company has a 52 week low of $94.34 and a 52 week high of $146.92. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.50.

The Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 19th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. The firm had revenue of $19.75 billion for the quarter, compared to the consensus estimate of $19.23 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 5.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Friday, January 22nd were paid a $0.7907 dividend. The ex-dividend date was Thursday, January 21st. This represents a $3.16 annualized dividend and a dividend yield of 2.47%. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Recommended Story: Quiet Period

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG).

Institutional Ownership by Quarter for The Procter & Gamble (NYSE:PG)

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.