Connecticut Wealth Management LLC Grows Position in The Procter & Gamble Company (NYSE:PG)

Connecticut Wealth Management LLC grew its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,599 shares of the company’s stock after buying an additional 210 shares during the period. Connecticut Wealth Management LLC’s holdings in Procter & Gamble were worth $2,432,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Avidian Wealth Solutions LLC increased its position in Procter & Gamble by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 16,492 shares of the company’s stock worth $2,417,000 after buying an additional 171 shares in the last quarter. National Bank of Canada FI grew its position in shares of Procter & Gamble by 3.3% in the fourth quarter. National Bank of Canada FI now owns 1,554,729 shares of the company’s stock valued at $231,221,000 after purchasing an additional 49,339 shares during the period. TCG Advisory Services LLC grew its position in shares of Procter & Gamble by 129.7% in the fourth quarter. TCG Advisory Services LLC now owns 17,915 shares of the company’s stock valued at $2,625,000 after purchasing an additional 10,114 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of Procter & Gamble by 5.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 30,719 shares of the company’s stock valued at $4,385,000 after purchasing an additional 1,664 shares during the period. Finally, AJOVista LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 24th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group initiated coverage on Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.76.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $162.90, for a total value of $5,049,900.00. Following the completion of the sale, the chief operating officer now directly owns 9,739 shares of the company’s stock, valued at $1,586,483.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,865 shares of company stock valued at $14,059,180. 0.17% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.4 %

Shares of PG traded up $0.62 during midday trading on Friday, reaching $164.46. 5,581,692 shares of the company were exchanged, compared to its average volume of 6,941,715. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $164.71. The company has a market cap of $388.15 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 3.33 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $160.01 and a 200-day moving average price of $154.17.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

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.