Coldstream Capital Management Inc. Purchases 3,892 Shares of The Procter & Gamble Company (NYSE:PG)

Coldstream Capital Management Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,669 shares of the company's stock after buying an additional 3,892 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Procter & Gamble were worth $14,865,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lakeridge Wealth Management LLC grew its stake in shares of Procter & Gamble by 0.6% in the fourth quarter. Lakeridge Wealth Management LLC now owns 10,807 shares of the company's stock valued at $1,812,000 after buying an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC grew its position in Procter & Gamble by 3.2% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,995 shares of the company's stock valued at $334,000 after acquiring an additional 62 shares in the last quarter. Tevis Investment Management raised its stake in shares of Procter & Gamble by 0.6% during the fourth quarter. Tevis Investment Management now owns 11,633 shares of the company's stock valued at $1,950,000 after purchasing an additional 65 shares during the period. Dakota Community Bank & Trust NA lifted its position in shares of Procter & Gamble by 3.3% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,078 shares of the company's stock worth $348,000 after purchasing an additional 66 shares in the last quarter. Finally, Alhambra Investment Management LLC increased its stake in Procter & Gamble by 1.2% during the 4th quarter. Alhambra Investment Management LLC now owns 5,785 shares of the company's stock worth $970,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Bank of America cut their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Finally, Piper Sandler reissued an "underperform" rating on shares of Procter & Gamble in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $180.79.

Procter & Gamble Price Performance

PG traded down $0.70 during trading on Wednesday, reaching $161.56. The stock had a trading volume of 2,405,413 shares, compared to its average volume of 7,124,492. The stock has a 50 day moving average of $167.97 and a two-hundred day moving average of $168.21. 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 firm has a market capitalization of $378.83 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a $1.0568 dividend. The ex-dividend date is Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.62%. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 35,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

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.