Vicus Capital Has $524,000 Stake in The Procter & Gamble Company (NYSE:PG)

Vicus Capital grew its holdings in The Procter & Gamble Company (NYSE:PG) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,125 shares of the company’s stock after buying an additional 195 shares during the period. Vicus Capital’s holdings in Procter & Gamble were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $33,000. Bay Harbor Wealth Management LLC lifted its holdings in Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after purchasing an additional 243 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $46,000. Costello Asset Management INC lifted its holdings in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the last quarter. Finally, DecisionPoint Financial LLC lifted its holdings in Procter & Gamble by 46.7% during the 4th quarter. DecisionPoint Financial LLC now owns 330 shares of the company’s stock worth $55,000 after purchasing an additional 105 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 4.8 %

Shares of PG stock opened at $162.84 on Friday. The firm has a market capitalization of $381.85 billion, a P/E ratio of 25.93, a P/E/G ratio of 3.79 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The stock’s fifty day simple moving average is $166.73 and its 200 day simple moving average is $169.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, January 24th. Procter & Gamble’s payout ratio is presently 64.01%.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the transaction, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 47,847 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,097 shares of company stock valued at $25,635,076 in the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Wells Fargo & Company lifted their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group lowered their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Finally, Morgan Stanley raised their price objective on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.