The Procter & Gamble Company (NYSE:PG) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 155,503 shares of the company’s stock after acquiring an additional 3,035 shares during the period. Atria Wealth Solutions Inc.’s holdings in Procter & Gamble were worth $22,787,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Naples Money Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $29,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $29,000. Criterion Capital Advisors LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $33,000. Mendota Financial Group LLC increased its holdings in shares of Procter & Gamble by 636.6% during the 4th quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after buying an additional 261 shares during the last quarter. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of Procter & Gamble by 206.6% during the 4th quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after buying an additional 281 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PG shares. Royal Bank of Canada upped their price objective on Procter & Gamble from $156.00 to $157.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. UBS Group upped their price target on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Raymond James upped their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $168.88.

Insider Activity

In other news, COO Shailesh Jejurikar sold 31,275 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares in the company, valued at approximately $1,490,602.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Shailesh Jejurikar sold 31,275 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares in the company, valued at $1,490,602.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 3,865 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $160.60, for a total transaction of $620,719.00. Following the sale, the insider now owns 11,886 shares in the company, valued at approximately $1,908,891.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,771 shares of company stock worth $16,292,467. 0.17% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 0.7 %

NYSE:PG traded up $1.08 on Wednesday, reaching $162.58. The stock had a trading volume of 7,216,558 shares, compared to its average volume of 6,971,658. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $159.46 and a 200 day moving average of $153.32. The stock has a market cap of $383.71 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $163.14.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. On average, research analysts predict that The Procter & Gamble Company will post 6.54 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.85%.

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.