Miracle Mile Advisors LLC Purchases 30,473 Shares of The Procter & Gamble Company (NYSE:PG)

Miracle Mile Advisors LLC lifted its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 105.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,363 shares of the company’s stock after buying an additional 30,473 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Procter & Gamble were worth $8,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $29,000. Mendota Financial Group LLC boosted its holdings in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock valued at $44,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $50,000. CGC Financial Services LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $55,000. Finally, VitalStone Financial LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $60,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $160.47 on Tuesday. The stock has a market capitalization of $377.59 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 3.31 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The firm’s 50 day simple moving average is $158.99 and its 200-day simple moving average is $152.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company had revenue of $21.44 billion during the quarter, compared to analysts’ expectations of $21.48 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Friday, January 19th were issued a $0.9407 dividend. This represents a $3.76 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, January 18th. Procter & Gamble’s payout ratio is currently 62.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. Raymond James boosted their price target on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group began coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price for the company. UBS Group upped their target price on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $168.41.

View Our Latest Research Report on PG

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 973 shares in the company, valued at $149,160.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 74,443 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the completion of the sale, the chief executive officer now directly owns 973 shares in the company, valued at approximately $149,160.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO R. Alexandra Keith sold 776 shares of Procter & Gamble stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the completion of the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The disclosure for this sale can be found here. Insiders sold a total of 279,063 shares of company stock valued at $43,187,745 in the last three months. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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