Transcend Capital Advisors LLC Has $5.26 Million Position in The Procter & Gamble Company (NYSE:PG)

Transcend Capital Advisors LLC lessened its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,362 shares of the company’s stock after selling 791 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Procter & Gamble were worth $5,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC increased its stake in shares of Procter & Gamble by 4.5% during the third quarter. Concurrent Investment Advisors LLC now owns 94,109 shares of the company’s stock worth $16,300,000 after purchasing an additional 4,035 shares during the period. Strategic Advisors LLC grew its holdings in Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock valued at $9,374,000 after buying an additional 1,818 shares in the last quarter. Copley Financial Group Inc. bought a new position in Procter & Gamble during the 3rd quarter worth $668,000. Fortem Financial Group LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $569,000. Finally, Richard C. Young & CO. LTD. grew its stake in shares of Procter & Gamble by 2.1% in the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company’s stock valued at $20,764,000 after acquiring an additional 2,568 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Stifel Nicolaus boosted 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. Barclays raised their price objective on Procter & Gamble from $155.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. DA Davidson reiterated a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Finally, UBS Group decreased their price target on Procter & Gamble from $196.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.53.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE:PG opened at $167.26 on Friday. The business’s 50-day moving average is $166.05 and its 200-day moving average is $169.43. The Procter & Gamble Company has a 1 year low of $153.52 and a 1 year high of $180.43. The company has a market capitalization of $392.21 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 3.74 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 results on Wednesday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $1.84 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.17%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.