Altrius Capital Management Inc Acquires 598 Shares of The Procter & Gamble Company (NYSE:PG)

Altrius Capital Management Inc raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 2.2% during the third quarter, HoldingsChannel reports. The fund owned 27,293 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Altrius Capital Management Inc’s holdings in Procter & Gamble were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. China Universal Asset Management Co. Ltd. raised its holdings in Procter & Gamble by 5.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 32,001 shares of the company’s stock valued at $5,192,000 after acquiring an additional 1,657 shares during the period. Quent Capital LLC increased its holdings in shares of Procter & Gamble by 2.0% in the first quarter. Quent Capital LLC now owns 10,684 shares of the company’s stock worth $1,733,000 after purchasing an additional 206 shares during the period. Wintrust Investments LLC increased its holdings in shares of Procter & Gamble by 1.2% in the first quarter. Wintrust Investments LLC now owns 11,198 shares of the company’s stock worth $1,817,000 after purchasing an additional 137 shares during the period. M&G Plc bought a new position in shares of Procter & Gamble in the first quarter worth $2,637,000. Finally, Mizuho Markets Americas LLC increased its holdings in shares of Procter & Gamble by 125.0% in the first quarter. Mizuho Markets Americas LLC now owns 67,876 shares of the company’s stock worth $11,013,000 after purchasing an additional 37,705 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 450 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares in the company, valued at approximately $2,212,043.84. The trade was a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 10,623 shares of Procter & Gamble stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $1,797,624.06. Following the sale, the chief operating officer now owns 23,890 shares of the company’s stock, valued at $4,042,665.80. The trade was a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 313,597 shares of company stock worth $53,268,499. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $1.71 during mid-day trading on Friday, hitting $168.79. 1,712,186 shares of the company’s stock traded hands, compared to its average volume of 6,638,685. The company’s 50-day moving average is $170.44 and its two-hundred day moving average is $168.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a market capitalization of $397.51 billion, a P/E ratio of 28.81, a PEG ratio of 3.60 and a beta of 0.42. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 EPS. On average, equities analysts anticipate that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.48%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. DA Davidson increased their target price on Procter & Gamble from $159.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Stifel Nicolaus increased their target price on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research note on Monday, October 21st. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.