Allred Capital Management LLC Invests $1.67 Million in Procter & Gamble Co (PG)

Allred Capital Management LLC acquired a new position in shares of Procter & Gamble Co (NYSE:PG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 18,168 shares of the company’s stock, valued at approximately $1,669,000. Procter & Gamble accounts for about 1.1% of Allred Capital Management LLC’s holdings, making the stock its 22nd largest holding.

Several other large investors have also modified their holdings of PG. Bath Savings Trust Co grew its position in Procter & Gamble by 0.4% in the 4th quarter. Bath Savings Trust Co now owns 29,067 shares of the company’s stock valued at $2,672,000 after acquiring an additional 110 shares in the last quarter. NewSquare Capital LLC grew its position in Procter & Gamble by 0.7% in the 4th quarter. NewSquare Capital LLC now owns 16,496 shares of the company’s stock valued at $1,516,000 after acquiring an additional 115 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in Procter & Gamble by 1.0% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 11,760 shares of the company’s stock valued at $1,081,000 after acquiring an additional 115 shares in the last quarter. Meritage Portfolio Management grew its position in Procter & Gamble by 2.6% in the 4th quarter. Meritage Portfolio Management now owns 4,656 shares of the company’s stock valued at $428,000 after acquiring an additional 116 shares in the last quarter. Finally, V Wealth Advisors LLC grew its position in Procter & Gamble by 1.2% in the 4th quarter. V Wealth Advisors LLC now owns 10,795 shares of the company’s stock valued at $993,000 after acquiring an additional 123 shares in the last quarter. 61.49% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on PG shares. Zacks Investment Research raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Monday, January 21st. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Wells Fargo & Co reaffirmed a “hold” rating and issued a $91.00 target price on shares of Procter & Gamble in a research report on Wednesday, January 23rd. Berenberg Bank raised Procter & Gamble from a “sell” rating to a “hold” rating and lifted their target price for the company from $86.00 to $92.00 in a research report on Thursday, January 24th. Finally, SunTrust Banks lifted their target price on Procter & Gamble to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $101.42.

In related news, CEO David S. Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $105.00, for a total transaction of $3,150,000.00. Following the completion of the sale, the chief executive officer now owns 256,088 shares in the company, valued at $26,889,240. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Carolyn M. Tastad sold 3,980 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $105.85, for a total value of $421,283.00. Following the sale, the insider now owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The disclosure for this sale can be found here. Insiders sold a total of 350,089 shares of company stock valued at $36,539,133 in the last quarter. Company insiders own 1.84% of the company’s stock.

Shares of PG opened at $107.33 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.79 and a quick ratio of 0.60. The stock has a market capitalization of $270.88 billion, a PE ratio of 25.43, a P/E/G ratio of 3.46 and a beta of 0.39. Procter & Gamble Co has a 1 year low of $72.80 and a 1 year high of $108.68.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $16.46 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. As a group, sell-side analysts expect that Procter & Gamble Co will post 4.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $0.7459 dividend. This represents a $2.98 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Wednesday, April 17th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.72. Procter & Gamble’s dividend payout ratio (DPR) is presently 70.62%.

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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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