Brookstone Capital Management Boosts Holdings in Procter & Gamble Co (PG)

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Brookstone Capital Management raised its position in shares of Procter & Gamble Co (NYSE:PG) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,857 shares of the company’s stock after acquiring an additional 1,548 shares during the period. Brookstone Capital Management’s holdings in Procter & Gamble were worth $2,485,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc RI lifted its stake in shares of Procter & Gamble by 1.7% in the third quarter. Citizens Financial Group Inc RI now owns 34,929 shares of the company’s stock worth $2,906,000 after acquiring an additional 587 shares in the last quarter. First Midwest Bank Trust Division lifted its stake in shares of Procter & Gamble by 1.0% in the third quarter. First Midwest Bank Trust Division now owns 62,436 shares of the company’s stock worth $5,196,000 after acquiring an additional 607 shares in the last quarter. Ridgewood Investments LLC lifted its stake in shares of Procter & Gamble by 14.1% in the second quarter. Ridgewood Investments LLC now owns 5,049 shares of the company’s stock worth $394,000 after acquiring an additional 623 shares in the last quarter. ELM Advisors LLC lifted its stake in shares of Procter & Gamble by 9.3% in the third quarter. ELM Advisors LLC now owns 7,293 shares of the company’s stock worth $607,000 after acquiring an additional 623 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its stake in shares of Procter & Gamble by 7.8% in the third quarter. Baystate Wealth Management LLC now owns 8,656 shares of the company’s stock worth $705,000 after acquiring an additional 625 shares in the last quarter. 58.65% of the stock is owned by hedge funds and other institutional investors.

PG has been the topic of several recent analyst reports. Zacks Investment Research cut Procter & Gamble from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. UBS Group set a $82.00 price target on Procter & Gamble and gave the stock a “hold” rating in a research note on Wednesday, October 17th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a research note on Friday, October 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 price target on shares of Procter & Gamble in a research note on Monday, October 22nd. Finally, Wells Fargo & Co boosted their price target on Procter & Gamble from $78.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Procter & Gamble presently has a consensus rating of “Hold” and a consensus price target of $95.00.

In other news, SVP Valarie L. Sheppard sold 40,751 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $91.93, for a total transaction of $3,746,239.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ma. Fatima Francisco sold 9,404 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $98.01, for a total value of $921,686.04. Following the transaction, the insider now directly owns 21,917 shares of the company’s stock, valued at $2,148,085.17. The disclosure for this sale can be found here. Insiders have sold 463,487 shares of company stock valued at $43,140,545 over the last ninety days. Corporate insiders own 1.84% of the company’s stock.

Shares of NYSE PG opened at $97.71 on Monday. The company has a market cap of $246.33 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.14 and a beta of 0.38. Procter & Gamble Co has a 52-week low of $70.73 and a 52-week high of $98.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.78.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 23rd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. The company had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.16 billion. Procter & Gamble had a return on equity of 21.41% and a net margin of 16.13%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 earnings per share. As a group, equities research analysts predict that Procter & Gamble Co will post 4.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 18th will be issued a dividend of $0.7172 per share. This represents a $2.87 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, January 17th. Procter & Gamble’s dividend payout ratio (DPR) is presently 68.01%.

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Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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

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