Stockman Wealth Management Inc. Raises Holdings in The Procter & Gamble Company (NYSE:PG)

Stockman Wealth Management Inc. boosted its stake in The Procter & Gamble Company (NYSE:PG) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,479 shares of the company’s stock after purchasing an additional 651 shares during the period. Procter & Gamble comprises 1.9% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 17th largest position. Stockman Wealth Management Inc.’s holdings in Procter & Gamble were worth $9,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dfpg Investments LLC grew its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its position in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after buying an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in shares of Procter & Gamble by 14.6% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after buying an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Procter & Gamble by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after acquiring an additional 131,339 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Procter & Gamble by 105.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock worth $8,699,000 after acquiring an additional 30,473 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PG shares. Raymond James boosted their price objective on shares of Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday. Finally, 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 report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.88.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $0.99 during mid-day trading on Tuesday, reaching $161.53. The company’s stock had a trading volume of 3,139,987 shares, compared to its average volume of 6,907,412. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14. The stock has a fifty day moving average of $159.21 and a two-hundred day moving average of $153.13. The firm has a market capitalization of $380.08 billion, a PE ratio of 26.33, a P/E/G ratio of 3.19 and a beta of 0.44.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares in the company, valued at $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were 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 in the company, valued at approximately $149,160.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now owns 36,845 shares of the company’s stock, valued at approximately $5,943,835.40. The disclosure for this sale can be found here. Insiders have sold a total of 279,918 shares of company stock worth $43,323,263 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

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.