Atlanta Consulting Group Advisors LLC Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Atlanta Consulting Group Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,108 shares of the company’s stock after purchasing an additional 105 shares during the period. Procter & Gamble comprises about 1.1% of Atlanta Consulting Group Advisors LLC’s portfolio, making the stock its 17th biggest position. Atlanta Consulting Group Advisors LLC’s holdings in Procter & Gamble were worth $3,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company’s stock worth $9,538,327,000 after purchasing an additional 3,619,466 shares during the period. FMR LLC increased its stake in shares of Procter & Gamble by 2.7% during the third quarter. FMR LLC now owns 26,556,319 shares of the company’s stock worth $4,599,554,000 after buying an additional 689,282 shares during the period. Franklin Resources Inc. increased its stake in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after buying an additional 1,760,214 shares during the period. Fisher Asset Management LLC increased its stake in shares of Procter & Gamble by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company’s stock worth $3,133,850,000 after buying an additional 312,203 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,881,907 shares of the company’s stock worth $2,830,252,000 after buying an additional 459,437 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PG. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Piper Sandler dropped their price target on shares of Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, Barclays increased their price target on shares of Procter & Gamble from $155.00 to $159.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.47.

Procter & Gamble Price Performance

PG stock opened at $168.20 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $167.27 and a 200-day simple moving average of $169.81. The Procter & Gamble Company has a twelve month low of $153.52 and a twelve month high of $180.43. The company has a market capitalization of $394.39 billion, a P/E ratio of 26.78, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Announces Dividend

The business also recently declared 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. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, January 24th. Procter & Gamble’s dividend payout ratio is presently 64.01%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total value of $3,089,880.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 90,450 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 172,814 shares of the company’s stock, valued at $28,313,845.76. The trade was a 34.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,450 shares of company stock valued at $23,988,008 over the last three months. 0.18% of the stock is currently owned by company insiders.

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.