Horan Capital Advisors LLC. Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Horan Capital Advisors LLC. boosted its position in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 23,839 shares of the company’s stock after purchasing an additional 463 shares during the period. Procter & Gamble makes up about 1.3% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 21st biggest position. Horan Capital Advisors LLC.’s holdings in Procter & Gamble were worth $3,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. RPg Family Wealth Advisory LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at $33,000. Noble Wealth Management PBC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $39,000. Bay Harbor Wealth Management LLC raised its stake in shares of Procter & Gamble by 972.0% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after purchasing an additional 243 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $46,000. Finally, Costello Asset Management INC grew its position in Procter & Gamble by 2,142.9% in the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $175.50 on Tuesday. The firm has a market cap of $411.52 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The Procter & Gamble Company has a fifty-two week low of $153.52 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business has a 50 day moving average price of $166.44 and a 200-day moving average price of $169.61.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.29%. Procter & Gamble’s payout ratio is currently 64.01%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 18,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was 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 $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

PG has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.11.

Procter & Gamble Profile

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.