Brighton Jones LLC Boosts Stock Position in The Procter & Gamble Company (NYSE:PG)

Brighton Jones LLC lifted its position in The Procter & Gamble Company (NYSE:PG) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,024 shares of the company’s stock after acquiring an additional 1,577 shares during the period. Brighton Jones LLC’s holdings in Procter & Gamble were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mission Wealth Management LP lifted its stake in shares of Procter & Gamble by 2.0% in the 4th quarter. Mission Wealth Management LP now owns 45,608 shares of the company’s stock valued at $6,683,000 after purchasing an additional 873 shares during the last quarter. Certuity LLC boosted its position in shares of Procter & Gamble by 40.9% in the 4th quarter. Certuity LLC now owns 12,102 shares of the company’s stock valued at $1,773,000 after purchasing an additional 3,511 shares during the period. Penobscot Investment Management Company Inc. lifted its position in Procter & Gamble by 3.8% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 76,950 shares of the company’s stock worth $11,276,000 after acquiring an additional 2,845 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Procter & Gamble by 1.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 26,358 shares of the company’s stock worth $3,863,000 after acquiring an additional 300 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Procter & Gamble by 0.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 141,432 shares of the company’s stock worth $20,725,000 after buying an additional 1,147 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. 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. JPMorgan Chase & Co. dropped their price target 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 price target on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Argus lifted their target price on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.76.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $160.60, for a total value of $620,719.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, 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. Insiders sold 55,865 shares of company stock worth $9,009,280 over the last ninety days. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

PG stock traded up $1.58 during midday trading on Tuesday, reaching $163.24. The company had a trading volume of 8,105,773 shares, compared to its average volume of 6,942,727. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $159.72 and a 200 day moving average price of $153.78. The firm has a market capitalization of $385.27 billion, a PE ratio of 26.52, a P/E/G ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $164.32.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. Analysts anticipate that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is 65.85%.

Procter & Gamble 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.