The Procter & Gamble Company (NYSE:PG) Shares Bought by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 14,103.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,093 shares of the company’s stock after purchasing an additional 278,121 shares during the quarter. Procter & Gamble comprises about 6.0% of Atlas Capital Advisors LLC’s holdings, making the stock its biggest holding. Atlas Capital Advisors LLC’s holdings in Procter & Gamble were worth $46,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Financial Mangement LLC grew its stake in Procter & Gamble by 1.4% during the 2nd quarter. Boston Financial Mangement LLC now owns 68,127 shares of the company’s stock worth $11,236,000 after purchasing an additional 966 shares in the last quarter. Key Financial Inc lifted its position in shares of Procter & Gamble by 0.5% during the 2nd quarter. Key Financial Inc now owns 20,988 shares of the company’s stock worth $3,461,000 after purchasing an additional 113 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Procter & Gamble in the second quarter valued at $14,853,000. Azzad Asset Management Inc. ADV raised its stake in Procter & Gamble by 5.0% in the second quarter. Azzad Asset Management Inc. ADV now owns 54,201 shares of the company’s stock valued at $8,939,000 after buying an additional 2,573 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Procter & Gamble by 6.1% during the 2nd quarter. Signaturefd LLC now owns 65,106 shares of the company’s stock worth $10,737,000 after buying an additional 3,745 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PG shares. Wolfe Research upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. TD Cowen started coverage on shares of Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price target for the company. Barclays dropped their price objective on Procter & Gamble from $174.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 72,174 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the sale, the chief executive officer now owns 263,158 shares in the company, valued at $45,002,649.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jon R. Moeller sold 37,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $168.89, for a total value of $6,289,463.60. Following the sale, the chief executive officer now directly owns 263,537 shares of the company’s stock, valued at $44,508,763.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 72,174 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $171.01, for a total transaction of $12,342,475.74. Following the transaction, the chief executive officer now directly owns 263,158 shares of the company’s stock, valued at approximately $45,002,649.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,553 shares of company stock worth $63,829,141. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG traded up $1.50 during mid-day trading on Friday, hitting $171.53. The stock had a trading volume of 7,301,578 shares, compared to its average volume of 6,572,756. The company has a 50 day simple moving average of $167.42 and a 200 day simple moving average of $163.93. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.51. The company has a market cap of $404.83 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 3.64 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $171.89.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $1.37 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is 65.69%.

About Procter & Gamble

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.