Boyd Wealth Management LLC Has $612,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Boyd Wealth Management LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,175 shares of the company’s stock after selling 215 shares during the quarter. Procter & Gamble accounts for approximately 0.4% of Boyd Wealth Management LLC’s holdings, making the stock its 28th biggest position. Boyd Wealth Management LLC’s holdings in Procter & Gamble were worth $612,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of 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 valued at $3,680,000 after purchasing an additional 424 shares in the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in shares of Procter & Gamble by 6.3% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after acquiring an additional 260 shares during the period. N.E.W. Advisory Services LLC lifted its holdings in shares of Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after acquiring an additional 12,016 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $2,298,184,000 after acquiring an additional 131,339 shares during the period. Finally, Miracle Mile Advisors LLC raised its position in 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 in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 0.5 %

Shares of NYSE PG traded up $0.85 during mid-day trading on Friday, hitting $158.14. The company’s stock had a trading volume of 11,925,739 shares, compared to its average volume of 6,931,645. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44. The stock has a market cap of $372.11 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44. The company’s fifty day simple moving average is $159.13 and its 200-day simple moving average is $152.83. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly 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 company 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 34.04% and a net margin of 17.60%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced 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 2.55%. The ex-dividend date is Thursday, April 18th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 67.34%.

Wall Street Analysts Forecast Growth

PG has been the topic of several analyst reports. UBS Group upped 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 lifted their price objective on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. StockNews.com lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Barclays upped their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.53.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of Procter & Gamble stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares of the company’s stock, valued at approximately $25,097,637.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Shailesh Jejurikar sold 31,275 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $154.90, for a total value of $4,844,497.50. Following the completion of the transaction, the chief operating officer now owns 9,623 shares in the company, valued at approximately $1,490,602.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,063 shares of company stock valued at $43,187,745. Company insiders own 0.17% of the company’s stock.

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.