Victrix Investment Advisors Takes $382,000 Position in The Procter & Gamble Company (NYSE:PG)

Victrix Investment Advisors bought a new position in shares of The Procter & Gamble Company (NYSE:PG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,280 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds have also added to or reduced their stakes in PG. Vivaldi Capital Management LP lifted its stake in shares of Procter & Gamble by 104.7% in the 4th quarter. Vivaldi Capital Management LP now owns 11,612 shares of the company’s stock valued at $1,970,000 after purchasing an additional 5,939 shares during the period. WBI Investments LLC increased its holdings in Procter & Gamble by 11.8% in the fourth quarter. WBI Investments LLC now owns 2,636 shares of the company’s stock valued at $442,000 after purchasing an additional 279 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Procter & Gamble by 23.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 9,746 shares of the company’s stock valued at $1,634,000 after buying an additional 1,848 shares during the period. St. Clair Advisors LLC bought a new position in Procter & Gamble during the fourth quarter worth about $3,923,000. Finally, Tremblant Capital Group grew its position in shares of Procter & Gamble by 15.0% during the 4th quarter. Tremblant Capital Group now owns 21,553 shares of the company’s stock worth $3,613,000 after buying an additional 2,816 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PG shares. DA Davidson reiterated a “buy” rating and issued a $209.00 price target on shares of Procter & Gamble in a research report on Thursday, January 23rd. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $178.52.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $163.28 on Monday. 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 business has a 50-day moving average of $164.50 and a 200-day moving average of $167.31. The stock has a market capitalization of $382.82 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the company earned $1.52 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio is 66.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,520 shares of company stock worth $10,999,268 over the last quarter. 0.18% of the stock is currently owned by insiders.

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.