Altrius Capital Management Inc Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Altrius Capital Management Inc increased its position in The Procter & Gamble Company (NYSE:PG) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,127 shares of the company’s stock after purchasing an additional 331 shares during the period. Altrius Capital Management Inc’s holdings in Procter & Gamble were worth $3,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Naples Money Management LLC bought a new stake in Procter & Gamble in the fourth quarter worth $29,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the fourth quarter worth about $29,000. Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter worth about $33,000. Mendota Financial Group LLC grew its position in shares of Procter & Gamble by 636.6% during the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after purchasing an additional 261 shares in the last quarter. Finally, Morton Brown Family Wealth LLC grew its position in shares of Procter & Gamble by 206.6% during the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after purchasing an additional 281 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Argus increased their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James raised their price target on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their price target on Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price target on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Insider Transactions at Procter & Gamble

In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO R. Alexandra Keith sold 776 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 55,865 shares of company stock valued at $9,009,280 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.2 %

Shares of PG stock traded up $0.37 during trading hours on Monday, reaching $161.66. The company had a trading volume of 4,620,979 shares, compared to its average volume of 6,928,534. The company has a market capitalization of $381.54 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.27 and a beta of 0.44. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The stock’s fifty day simple moving average is $159.64 and its 200 day simple moving average is $153.65.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the firm earned $1.37 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.