Larson Financial Group LLC Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

Larson Financial Group LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,823 shares of the company’s stock after selling 1,500 shares during the quarter. Larson Financial Group LLC’s holdings in Procter & Gamble were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wyrmwood Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth $29,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $33,000. Mendota Financial Group LLC increased its position in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares during the last quarter. Finally, Morton Brown Family Wealth LLC increased its position in shares of Procter & Gamble by 206.6% in the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

Shares of NYSE:PG traded up $0.71 during mid-day trading on Tuesday, hitting $161.25. The stock had a trading volume of 2,961,578 shares, compared to its average volume of 6,905,944. The company has a market cap of $379.42 billion, a PE ratio of 26.33, a P/E/G ratio of 3.19 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 0.69. The company’s 50 day moving average is $159.21 and its 200-day moving average is $153.13. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. On average, sell-side analysts predict that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 65.85%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now directly owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 279,918 shares of company stock worth $43,323,263. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. UBS Group boosted their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. decreased their target price 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. Barclays upped their target price on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of Procter & Gamble from $162.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.88.

About Procter & Gamble

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.