Altiora Financial Group LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Altiora Financial Group LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,553 shares of the company’s stock after purchasing an additional 563 shares during the period. Altiora Financial Group LLC’s holdings in Procter & Gamble were worth $596,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PG. NewSquare Capital LLC increased its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Procter & Gamble during the third quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $39,000. Bay Harbor Wealth Management LLC increased its position in shares of Procter & Gamble by 972.0% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock valued at $45,000 after acquiring an additional 243 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $46,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of several analyst reports. DA Davidson reissued a “buy” rating and set a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research 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 report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven equities research 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 stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $181.11.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares in the company, valued at approximately $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,450 shares of company stock worth $23,988,008. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.8 %

Shares of PG stock opened at $176.06 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The firm has a fifty day moving average price of $166.85 and a 200-day moving average price of $169.77. The company has a market cap of $412.84 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating 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 company had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $21.66 billion. During the same quarter in the previous year, the company earned $1.84 EPS. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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