Lebenthal Global Advisors LLC Buys 4,059 Shares of The Procter & Gamble Company (NYSE:PG)

Lebenthal Global Advisors LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 349.3% during the 4th quarter, Holdings Channel reports. The firm owned 5,221 shares of the company’s stock after acquiring an additional 4,059 shares during the period. Lebenthal Global Advisors LLC’s holdings in Procter & Gamble were worth $875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its holdings in Procter & Gamble by 21.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 63,329 shares of the company’s stock worth $10,617,000 after acquiring an additional 11,084 shares during the last quarter. West Wealth Group LLC boosted its holdings in shares of Procter & Gamble by 2.9% during the fourth quarter. West Wealth Group LLC now owns 3,504 shares of the company’s stock worth $587,000 after purchasing an additional 98 shares during the period. Mount Yale Investment Advisors LLC grew its stake in shares of Procter & Gamble by 6.8% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 44,694 shares of the company’s stock worth $7,493,000 after purchasing an additional 2,839 shares during the last quarter. Curran Financial Partners LLC increased its holdings in Procter & Gamble by 6.7% during the 4th quarter. Curran Financial Partners LLC now owns 5,625 shares of the company’s stock valued at $943,000 after purchasing an additional 354 shares during the period. Finally, McLean Asset Management Corp raised its position in Procter & Gamble by 12.1% during the 4th quarter. McLean Asset Management Corp now owns 2,729 shares of the company’s stock valued at $458,000 after purchasing an additional 295 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus upped their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays lifted their target price on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.53.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the sale, the insider now owns 11,595 shares of the company’s stock, valued at approximately $2,002,804.35. This represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,097 shares of company stock worth $25,635,076. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 1.9 %

Shares of Procter & Gamble stock opened at $166.35 on Wednesday. The company has a 50-day simple moving average of $168.83 and a two-hundred day simple moving average of $169.42. The stock has a market capitalization of $390.07 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.69 and a beta of 0.45. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 18.35% and a return on equity of 32.88%. The company had revenue of $21.88 billion during the quarter, compared to analyst estimates of $21.66 billion. During the same period in the previous year, the business earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be given a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.01%.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.