Lyell Wealth Management LP Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Lyell Wealth Management LP grew its stake in The Procter & Gamble Company (NYSE:PG) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,481 shares of the company’s stock after purchasing an additional 1,811 shares during the period. Lyell Wealth Management LP’s holdings in Procter & Gamble were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Capital Investment Advisors LLC grew its position in Procter & Gamble by 1.3% in the third quarter. Capital Investment Advisors LLC now owns 274,457 shares of the company’s stock worth $40,032,000 after acquiring an additional 3,463 shares during the period. Guidance Capital Inc. boosted its position in shares of Procter & Gamble by 0.7% during the third quarter. Guidance Capital Inc. now owns 13,851 shares of the company’s stock worth $2,015,000 after buying an additional 102 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in shares of Procter & Gamble by 3.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 9,418 shares of the company’s stock worth $1,374,000 after buying an additional 317 shares during the period. Columbia Trust Co 01012016 boosted its position in shares of Procter & Gamble by 1.3% during the third quarter. Columbia Trust Co 01012016 now owns 11,498 shares of the company’s stock worth $1,677,000 after buying an additional 146 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Procter & Gamble by 1.3% during the third quarter. Flagship Harbor Advisors LLC now owns 32,780 shares of the company’s stock worth $4,781,000 after buying an additional 412 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG stock traded down $0.09 during midday trading on Thursday, reaching $162.51. 4,840,807 shares of the company traded hands, compared to its average volume of 6,939,399. The firm’s 50 day simple moving average is $159.46 and its two-hundred day simple moving average is $153.32. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm has a market cap of $383.55 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same period in the previous year, the firm posted $1.37 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $156.00, for a total value of $7,020,000.00. Following the completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the sale, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The disclosure for this sale can be found here. In the last three months, insiders sold 100,865 shares of company stock worth $16,029,280. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PG shares. Stifel Nicolaus raised their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Barclays raised their price target on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Royal Bank of Canada raised their price target on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. UBS Group raised their price target on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.76.

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.