Elevated Capital Advisors LLC Purchases Shares of 3,189 Procter & Gamble Co (NYSE:PG)

Elevated Capital Advisors LLC acquired a new position in Procter & Gamble Co (NYSE:PG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,189 shares of the company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. BlackRock Inc. grew its stake in shares of Procter & Gamble by 1.5% in the second quarter. BlackRock Inc. now owns 167,930,647 shares of the company’s stock worth $18,413,594,000 after purchasing an additional 2,470,382 shares during the last quarter. State Street Corp grew its stake in shares of Procter & Gamble by 1.4% in the third quarter. State Street Corp now owns 118,454,191 shares of the company’s stock worth $14,733,332,000 after purchasing an additional 1,585,813 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Procter & Gamble by 1.8% in the third quarter. California Public Employees Retirement System now owns 10,612,577 shares of the company’s stock worth $1,319,992,000 after purchasing an additional 183,533 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Procter & Gamble by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,417,479 shares of the company’s stock worth $1,301,143,000 after purchasing an additional 298,376 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Procter & Gamble by 2.6% in the third quarter. Parametric Portfolio Associates LLC now owns 8,681,267 shares of the company’s stock worth $1,079,776,000 after purchasing an additional 216,795 shares during the last quarter. Hedge funds and other institutional investors own 63.36% of the company’s stock.

Procter & Gamble stock opened at $126.14 on Friday. The stock’s 50 day simple moving average is $125.01 and its two-hundred day simple moving average is $122.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.63. The stock has a market cap of $308.58 billion, a price-to-earnings ratio of 74.64, a PEG ratio of 3.30 and a beta of 0.36. Procter & Gamble Co has a fifty-two week low of $97.75 and a fifty-two week high of $128.09.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.05. The business had revenue of $18.24 billion for the quarter, compared to analysts’ expectations of $18.37 billion. Procter & Gamble had a return on equity of 27.14% and a net margin of 6.92%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS. On average, analysts predict that Procter & Gamble Co will post 4.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th will be given a dividend of $0.7459 per share. The ex-dividend date is Thursday, January 23rd. This represents a $2.98 annualized dividend and a yield of 2.37%. Procter & Gamble’s payout ratio is 65.93%.

In other news, CEO David S. Taylor sold 58,297 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $125.93, for a total value of $7,341,341.21. Following the sale, the chief executive officer now directly owns 284,069 shares of the company’s stock, valued at approximately $35,772,809.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $126.50, for a total value of $379,500.00. Following the completion of the sale, the chief executive officer now directly owns 3,856 shares in the company, valued at $487,784. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,411 shares of company stock worth $12,652,757. Insiders own 1.75% of the company’s stock.

PG has been the topic of several recent analyst reports. Wells Fargo & Co raised their target price on Procter & Gamble from $135.00 to $136.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Procter & Gamble from $136.00 to $139.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Macquarie raised their target price on Procter & Gamble from $132.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $119.00 target price on shares of Procter & Gamble in a research note on Friday, January 24th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $136.00 target price on shares of Procter & Gamble in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Procter & Gamble currently has a consensus rating of “Hold” and a consensus target price of $124.86.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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