Johnson Financial Group Inc. Purchases 14,379 Shares of The Procter & Gamble Company (NYSE:PG)

Johnson Financial Group Inc. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,066 shares of the company’s stock after purchasing an additional 14,379 shares during the quarter. Procter & Gamble makes up approximately 0.6% of Johnson Financial Group Inc.’s holdings, making the stock its 26th biggest holding. Johnson Financial Group Inc.’s holdings in Procter & Gamble were worth $12,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Hoey Investments Inc. lifted its stake in Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the fourth quarter worth about $34,000. Atlantic Private Wealth LLC grew its position in shares of Procter & Gamble by 95.3% during the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after buying an additional 101 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $38,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.9 %

NYSE:PG opened at $161.04 on Friday. The firm has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The stock’s 50 day moving average price is $168.16 and its two-hundred day moving average price is $168.33.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the company posted $1.52 earnings per share. Equities research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 67.20%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Stifel Nicolaus lifted their price objective on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $180.79.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.