Western Wealth Management LLC Has $5.91 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Western Wealth Management LLC increased its position in shares of The Procter & Gamble Company (NYSE:PG) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,357 shares of the company’s stock after buying an additional 1,520 shares during the quarter. Western Wealth Management LLC’s holdings in Procter & Gamble were worth $5,914,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Dfpg Investments LLC raised its stake in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its stake in shares of Procter & Gamble by 6.3% in the third quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC raised its stake in shares of Procter & Gamble by 14.6% in the third quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Procter & Gamble by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in shares of Procter & Gamble by 105.5% in the fourth quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock worth $8,699,000 after purchasing an additional 30,473 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded up $0.20 during trading on Thursday, hitting $157.16. 7,812,560 shares of the company were exchanged, compared to its average volume of 6,858,717. The company has a market cap of $369.80 billion, a PE ratio of 26.22, a P/E/G ratio of 3.19 and a beta of 0.44. The stock has a 50 day moving average of $159.16 and a 200 day moving average of $152.80. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. 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:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.14. The firm had revenue of $21.44 billion for 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%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.45 EPS for the current year.

Procter & Gamble Increases Dividend

The business 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 dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.56%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is currently 62.98%.

Insiders Place Their Bets

In related news, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction 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 sale, the chief executive officer now owns 4,859 shares in the company, valued at $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gary A. Coombe sold 22,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total value of $3,549,040.00. Following the sale, the chief executive officer now owns 36,845 shares in the company, valued at $5,943,835.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO R. Alexandra Keith sold 776 shares of the stock in a transaction 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 owns 4,859 shares in the company, valued at approximately $768,256.49. The disclosure for this sale can be found here. Insiders have sold a total of 279,063 shares of company stock worth $43,187,745 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft upped their target price on Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Barclays upped their target price on Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Stifel Nicolaus upped their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Seven investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $168.53.

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.