Surevest Inc. Acquires New Stake in Procter & Gamble Co (NYSE:PG)

Surevest Inc. purchased a new stake in Procter & Gamble Co (NYSE:PG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,825 shares of the company’s stock, valued at approximately $811,000.

Other large investors also recently made changes to their positions in the company. HC Financial Advisors Inc. increased its holdings in shares of Procter & Gamble by 17.1% in the 3rd quarter. HC Financial Advisors Inc. now owns 16,306 shares of the company’s stock worth $1,357,000 after buying an additional 2,385 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of Procter & Gamble in the 3rd quarter worth about $1,882,000. Johanson Financial Advisors Inc. increased its holdings in shares of Procter & Gamble by 9.9% in the 3rd quarter. Johanson Financial Advisors Inc. now owns 18,836 shares of the company’s stock worth $1,566,000 after buying an additional 1,694 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of Procter & Gamble in the 3rd quarter worth about $236,000. Finally, Flippin Bruce & Porter Inc. increased its holdings in shares of Procter & Gamble by 6.5% in the 3rd quarter. Flippin Bruce & Porter Inc. now owns 128,262 shares of the company’s stock worth $10,675,000 after buying an additional 7,851 shares during the last quarter. Hedge funds and other institutional investors own 62.19% of the company’s stock.

Shares of NYSE:PG opened at $111.20 on Friday. The stock has a market cap of $278.20 billion, a P/E ratio of 26.35, a PEG ratio of 3.57 and a beta of 0.41. Procter & Gamble Co has a 12 month low of $75.39 and a 12 month high of $111.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.60 and a current ratio of 0.79.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $16.46 billion for the quarter, compared to the consensus estimate of $16.37 billion. Procter & Gamble had a net margin of 16.44% and a return on equity of 21.61%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. On average, equities analysts forecast that Procter & Gamble Co will post 4.48 EPS for the current year.

PG has been the topic of a number of research reports. Macquarie set a $110.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Tuesday, February 26th. Credit Suisse Group initiated coverage on shares of Procter & Gamble in a report on Wednesday, March 6th. They issued a “neutral” rating and a $100.00 target price on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Co upgraded shares of Procter & Gamble from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $78.00 to $115.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $101.42.

In related news, insider Deborah P. Majoras sold 6,161 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $103.10, for a total transaction of $635,199.10. Following the transaction, the insider now directly owns 44,996 shares in the company, valued at approximately $4,639,087.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. sold 71,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $104.62, for a total transaction of $7,480,330.00. The disclosure for this sale can be found here. Insiders have sold a total of 320,840 shares of company stock worth $33,904,086 over the last quarter. 1.84% of the stock is currently owned by insiders.

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About Procter & Gamble

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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