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

Coldstream Capital Management Inc. increased its stake in The Procter & Gamble Company (NYSE:PG) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,669 shares of the company’s stock after acquiring an additional 3,892 shares during the period. Coldstream Capital Management Inc.’s holdings in Procter & Gamble were worth $14,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Capital Analysts LLC lifted its holdings 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 worth $14,265,000 after acquiring an additional 2,215 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC grew its stake in shares of Procter & Gamble by 26.2% during the fourth 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 during the last quarter. Rothschild Capital Partners LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $514,000. Topsail Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $2,219,000. Finally, Keyvantage Wealth LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $434,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG stock opened at $161.04 on Friday. The firm has a market capitalization of $377.61 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock’s 50-day simple moving average is $168.16 and its 200-day simple moving average is $168.33. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. During the same period in the prior year, the business posted $1.52 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.62%. Procter & Gamble’s dividend payout ratio is currently 67.20%.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 35,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $173.68, for a total value of $6,078,800.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Raymond James lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday. UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Finally, Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.79.

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.