Valley Wealth Managers Inc. Has $4.68 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Valley Wealth Managers Inc. decreased its position in The Procter & Gamble Company (NYSE:PGFree Report) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,048 shares of the company’s stock after selling 1,364 shares during the period. Valley Wealth Managers Inc.’s holdings in Procter & Gamble were worth $4,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Axiom Financial Strategies LLC boosted its stake in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares during the period. AMI Investment Management Inc. grew its holdings in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after purchasing an additional 233 shares during the period. LSV Asset Management grew its holdings in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,000 shares during the period. Ergoteles LLC bought a new position in Procter & Gamble during the first quarter worth about $3,073,000. Finally, Wsfs Capital Management LLC grew its holdings in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 63.43% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $156.00, for a total value of $7,020,000.00. Following the sale, the chief executive officer now owns 973 shares in the company, valued at approximately $151,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 19,661 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $153.47, for a total transaction of $3,017,373.67. Following the completion of the sale, the chief executive officer now owns 24,438 shares in the company, valued at approximately $3,750,499.86. The disclosure for this sale can be found here. Insiders have sold a total of 278,658 shares of company stock worth $42,921,732 over the last quarter. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.9 %

Shares of Procter & Gamble stock traded down $1.41 during trading on Monday, hitting $156.01. The company’s stock had a trading volume of 684,105 shares, compared to its average volume of 7,929,200. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The Procter & Gamble Company has a 52 week low of $136.10 and a 52 week high of $159.83. The stock has a market cap of $367.09 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.21 and a beta of 0.45. The stock has a 50-day moving average price of $150.04 and a two-hundred day moving average price of $150.86.

Procter & Gamble (NYSE:PGGet Free Report) last released its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. The business had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. Procter & Gamble’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. Equities research analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, January 19th will be issued a $0.9407 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.41%. Procter & Gamble’s payout ratio is 62.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PG shares. UBS Group lifted their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Raymond James raised their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Jefferies Financial Group started coverage on shares of Procter & Gamble in a research report on Monday, November 13th. They set a “buy” rating and a $177.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $167.06.

Read Our Latest Stock Report on PG

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.

See Also

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

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