The Procter & Gamble Company (NYSE:PG) Shares Purchased by Accel Wealth Management

Accel Wealth Management grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,014 shares of the company’s stock after purchasing an additional 137 shares during the quarter. Accel Wealth Management’s holdings in Procter & Gamble were worth $442,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $50,000. CGC Financial Services LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $55,000. VitalStone Financial LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $60,000. Finally, RVW Wealth LLC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $162.25 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $158.42 and a two-hundred day moving average of $152.16. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14. The company has a market cap of $381.78 billion, a P/E ratio of 27.18, a PEG ratio of 3.32 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, January 23rd. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The company had revenue of $21.44 billion during the quarter, compared to the consensus estimate of $21.48 billion. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. Procter & Gamble’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 19th were issued a dividend of $0.9407 per share. The ex-dividend date was Thursday, January 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.98%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PG. The Goldman Sachs Group began coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price objective on the stock. Stifel Nicolaus raised their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.41.

Insider Activity

In related news, insider Susan Street Whaley sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now 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 is available through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 3,865 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,063 shares of company stock valued at $43,187,745. Insiders own 0.17% of the company’s stock.

Procter & Gamble Company Profile

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.