Avestar Capital LLC Purchases 1,480 Shares of The Procter & Gamble Company (NYSE:PG)

Avestar Capital LLC grew its position in The Procter & Gamble Company (NYSE:PG) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,184 shares of the company’s stock after acquiring an additional 1,480 shares during the period. Procter & Gamble accounts for approximately 0.7% of Avestar Capital LLC’s investment portfolio, making the stock its 27th biggest position. Avestar Capital LLC’s holdings in Procter & Gamble were worth $7,743,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Hudock Inc. raised its position in Procter & Gamble by 24.2% during the 4th quarter. Hudock Inc. now owns 16,894 shares of the company’s stock worth $2,832,000 after purchasing an additional 3,295 shares during the last quarter. MGB Wealth Management LLC raised its position in Procter & Gamble by 11.8% during the 4th quarter. MGB Wealth Management LLC now owns 4,678 shares of the company’s stock worth $783,000 after purchasing an additional 493 shares during the last quarter. Howard Bailey Securities LLC raised its position in Procter & Gamble by 37.3% during the 4th quarter. Howard Bailey Securities LLC now owns 1,644 shares of the company’s stock worth $276,000 after purchasing an additional 447 shares during the last quarter. Hemington Wealth Management raised its position in Procter & Gamble by 4.3% during the 4th quarter. Hemington Wealth Management now owns 3,060 shares of the company’s stock worth $513,000 after purchasing an additional 125 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in Procter & Gamble by 11.1% during the 4th quarter. Stanley Laman Group Ltd. now owns 4,604 shares of the company’s stock worth $772,000 after purchasing an additional 461 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the transaction, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary A. Coombe sold 47,847 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the transaction, the chief executive officer now owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,097 shares of company stock worth $25,635,076 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Evercore ISI raised their target price on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.53.

Procter & Gamble Trading Up 0.1 %

Shares of PG stock opened at $169.58 on Thursday. The company’s fifty day simple moving average is $166.94 and its two-hundred day simple moving average is $169.44. 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 stock has a market capitalization of $397.64 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.79 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (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 business 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 firm posted $1.84 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be issued a dividend of $1.0065 per share. The ex-dividend date is Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s payout ratio is 64.17%.

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.