Concurrent Investment Advisors LLC Has $15.92 Million Position in The Procter & Gamble Company (NYSE:PG)

Concurrent Investment Advisors LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,943 shares of the company’s stock after purchasing an additional 834 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Procter & Gamble were worth $15,917,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advyzon Investment Management LLC acquired a new position in Procter & Gamble in the fourth quarter worth $1,102,000. Handelsbanken Fonder AB lifted its stake in shares of Procter & Gamble by 6.2% during the fourth quarter. Handelsbanken Fonder AB now owns 908,312 shares of the company’s stock valued at $152,279,000 after acquiring an additional 52,725 shares during the period. Mcdaniel Terry & Co. lifted its stake in shares of Procter & Gamble by 7.7% during the fourth quarter. Mcdaniel Terry & Co. now owns 223,050 shares of the company’s stock valued at $37,394,000 after acquiring an additional 15,884 shares during the period. Sunpointe LLC lifted its stake in shares of Procter & Gamble by 392.5% during the fourth quarter. Sunpointe LLC now owns 13,599 shares of the company’s stock valued at $2,280,000 after acquiring an additional 10,838 shares during the period. Finally, LMG Wealth Partners LLC lifted its stake in shares of Procter & Gamble by 3.7% during the fourth quarter. LMG Wealth Partners LLC now owns 17,857 shares of the company’s stock valued at $2,994,000 after acquiring an additional 638 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 47,847 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $179.84, for a total value of $8,604,804.48. Following the transaction, the chief executive officer now directly 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. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.6 %

Shares of Procter & Gamble stock opened at $166.46 on Thursday. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The business has a 50-day moving average of $166.13 and a two-hundred day moving average of $169.44. The company has a market capitalization of $390.33 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.72 and a beta of 0.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were issued a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.42%. Procter & Gamble’s payout ratio is presently 64.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus upped their price target on Procter & Gamble from $161.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $164.00 price target on shares of Procter & Gamble in a research note on Thursday, January 23rd. UBS Group dropped their price objective on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.53.

Procter & Gamble Company 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.