Shelton Capital Management Grows Stake in The Procter & Gamble Company (NYSE:PG)

Shelton Capital Management boosted its position in shares of The Procter & Gamble Company (NYSE:PG) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,543 shares of the company’s stock after acquiring an additional 17,166 shares during the quarter. Shelton Capital Management’s holdings in Procter & Gamble were worth $17,862,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Berkshire Asset Management LLC PA grew its position in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after acquiring an additional 2,179 shares during the period. Strategic Advisors LLC grew its holdings in Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after purchasing an additional 1,818 shares during the period. Copley Financial Group Inc. purchased a new stake in Procter & Gamble in the third quarter worth about $668,000. Fortem Financial Group LLC bought a new position in shares of Procter & Gamble in the fourth quarter worth about $569,000. Finally, Richard C. Young & CO. LTD. lifted its position in shares of Procter & Gamble by 2.1% during the 4th quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after buying an additional 2,568 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. DA Davidson reissued a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Procter & Gamble Price Performance

PG stock opened at $160.08 on Tuesday. The Procter & Gamble Company has a 52 week low of $153.52 and a 52 week high of $180.43. The firm has a market capitalization of $375.36 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a fifty day simple moving average of $168.98 and a two-hundred day simple moving average of $169.04. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $1.88 EPS 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 firm had revenue of $21.88 billion during the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced 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. This represents a $4.03 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at approximately $3,829,817.68. This trade represents a 61.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble 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 sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This trade 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 worth $23,988,008. Company insiders own 0.18% of the company’s stock.

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.