The Procter & Gamble Company (NYSE:PG) Holdings Lifted by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. raised its position in The Procter & Gamble Company (NYSE:PG) by 14,112.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 280,269 shares of the company’s stock after purchasing an additional 278,297 shares during the period. Procter & Gamble accounts for 6.0% of Atlas Capital Advisors Inc.’s holdings, making the stock its biggest position. Atlas Capital Advisors Inc.’s holdings in Procter & Gamble were worth $46,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Climber Capital SA purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $536,000. Uniting Wealth Partners LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $231,000. DF Dent & Co. Inc. grew its position in shares of Procter & Gamble by 5.8% during the 4th quarter. DF Dent & Co. Inc. now owns 129,398 shares of the company’s stock valued at $21,694,000 after acquiring an additional 7,054 shares during the period. Grant Private Wealth Management Inc purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $510,000. Finally, World Investment Advisors raised its holdings in shares of Procter & Gamble by 25.3% in the 4th quarter. World Investment Advisors now owns 48,027 shares of the company’s stock worth $8,052,000 after purchasing an additional 9,693 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PG shares. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus upped their price target on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. 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 35,000 shares of Procter & Gamble stock in a transaction 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 completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 0.5 %

Shares of NYSE PG opened at $169.74 on Thursday. The business has a 50-day moving average of $169.07 and a 200-day moving average of $169.27. The firm has a market capitalization of $398.02 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.76 and a beta of 0.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.01%.

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.