Callan Capital LLC Acquires 1,103 Shares of The Procter & Gamble Company (NYSE:PG)

Callan Capital LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 33.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,389 shares of the company’s stock after buying an additional 1,103 shares during the period. Callan Capital LLC’s holdings in Procter & Gamble were worth $643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Money Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $29,000. Wyrmwood Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $29,000. Criterion Capital Advisors LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth $33,000. Mendota Financial Group LLC lifted its holdings in shares of Procter & Gamble by 636.6% in the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock valued at $61,000 after acquiring an additional 281 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief executive officer now owns 973 shares in the company, valued at $151,788. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,865 shares of company stock valued at $16,029,280. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PG shares. UBS Group raised their price objective on Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their target price on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Jefferies Financial Group raised their target price on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays raised their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Procter & Gamble Price Performance

PG traded down $1.31 during midday trading on Friday, hitting $161.24. The stock had a trading volume of 5,659,643 shares, compared to its average volume of 6,957,020. The company has a market cap of $380.55 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.30 and a beta of 0.44. The business has a fifty day moving average of $159.64 and a 200 day moving average of $153.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $164.32.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 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.