Coldstream Capital Management Inc. Grows Position in The Procter & Gamble Company (NYSE:PG)

Coldstream Capital Management Inc. grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,669 shares of the company’s stock after purchasing an additional 3,892 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Procter & Gamble were worth $14,865,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PG. Capital Analysts LLC increased its stake in shares of Procter & Gamble by 2.7% in the 4th quarter. Capital Analysts LLC now owns 85,091 shares of the company’s stock valued at $14,265,000 after purchasing an additional 2,215 shares in the last quarter. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Procter & Gamble by 26.2% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,610 shares of the company’s stock valued at $605,000 after buying an additional 749 shares in the last quarter. Rothschild Capital Partners LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at $514,000. Topsail Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $2,219,000. Finally, Keyvantage Wealth LLC acquired a new position in Procter & Gamble during the fourth quarter worth $434,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group reissued a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Thursday, January 23rd. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.79.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 35,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $161.04 on Friday. The firm has a market cap of $377.61 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The business’s fifty day simple moving average is $168.16 and its 200-day simple moving average is $168.33.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the company earned $1.52 EPS. Equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be 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 dividend yield of 2.62%. The ex-dividend date is Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 67.20%.

About Procter & Gamble

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.