Atomi Financial Group Inc. Acquires 3,895 Shares of The Procter & Gamble Company (NYSE:PG)

Atomi Financial Group Inc. raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,849 shares of the company’s stock after acquiring an additional 3,895 shares during the period. Atomi Financial Group Inc.’s holdings in Procter & Gamble were worth $5,675,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Procter & Gamble by 7.0% in the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock valued at $9,538,327,000 after purchasing an additional 3,619,466 shares in the last quarter. FMR LLC grew its holdings in shares of Procter & Gamble by 2.7% in the 3rd quarter. FMR LLC now owns 26,556,319 shares of the company’s stock valued at $4,599,554,000 after buying an additional 689,282 shares during the period. Legal & General Group Plc increased its position in shares of Procter & Gamble by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 21,632,054 shares of the company’s stock valued at $3,567,556,000 after buying an additional 122,190 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after acquiring an additional 1,760,214 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Procter & Gamble by 4.7% in the third quarter. Fisher Asset Management LLC now owns 18,380,610 shares of the company’s stock valued at $3,183,522,000 after acquiring an additional 830,476 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $164.57 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $169.01 and its two-hundred day moving average price is $169.41. The company has a market cap of $387.56 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.63 and a beta of 0.45. The Procter & Gamble Company has a twelve month low of $152.06 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business had revenue of $21.88 billion for the quarter, compared to analyst estimates of $21,657,595.49 billion. During the same period in the previous year, the firm earned $1.84 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that The Procter & Gamble Company will post 6.92 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 24th will be paid a $1.0065 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.45%. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PG shares. Stifel Nicolaus dropped their price target on Procter & Gamble from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research note on Monday, October 21st. Barclays reduced their price target on shares of Procter & Gamble from $163.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. UBS Group cut their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Morgan Stanley increased their target price on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.65.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares in the company, valued at approximately $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $172.73, for a total value of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares of the company’s stock, valued at $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.