Accurate Wealth Management LLC Has $12.59 Million Stock Position in Procter & Gamble Company (The) $PG

Accurate Wealth Management LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,712 shares of the company’s stock after acquiring an additional 5,631 shares during the quarter. Procter & Gamble comprises about 1.6% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Accurate Wealth Management LLC’s holdings in Procter & Gamble were worth $12,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble in the third quarter worth about $25,000. Saranac Partners Ltd acquired a new position in shares of Procter & Gamble in the 3rd quarter worth approximately $30,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $32,000. Caitlin John LLC bought a new stake in Procter & Gamble during the third quarter worth approximately $34,000. Finally, Marquette Asset Management LLC bought a new stake in Procter & Gamble during the third quarter worth approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Susan Street Whaley sold 1,809 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the completion of the sale, the insider owned 30,215 shares in the company, valued at approximately $4,818,083.90. This trade represents a 5.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman owned 319,385 shares in the company, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 348,618 shares of company stock worth $55,462,643. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $142.76 on Friday. The firm has a market capitalization of $331.78 billion, a PE ratio of 21.15, a PEG ratio of 4.76 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $174.80. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $153.93 and its 200 day simple moving average is $150.19.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same period last year, the business posted $1.88 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PG shares. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday. Rothschild & Co Redburn lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Tuesday, February 17th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

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Procter & Gamble Company Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

See Also

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

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