Atlas Capital Advisors Inc. Cuts Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Atlas Capital Advisors Inc. reduced its stake in Procter & Gamble Company (NYSE:PG) by 1.7%, holding 275,506 shares after selling 4,763 shares in the first quarter.
• Procter & Gamble recently reported quarterly earnings of $1.48 EPS, surpassing estimates, with revenue reaching $20.89 billion, a 1.7% increase from the previous year.
• The company declared a quarterly dividend of $1.0568, representing an annualized yield of 2.8%, set to be paid to shareholders on August 15th.

Atlas Capital Advisors Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,506 shares of the company's stock after selling 4,763 shares during the quarter. Procter & Gamble accounts for 5.9% of Atlas Capital Advisors Inc.'s investment portfolio, making the stock its largest holding. Atlas Capital Advisors Inc.'s holdings in Procter & Gamble were worth $46,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of PG. Navigoe LLC bought a new stake in Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth $31,000. 10Elms LLP bought a new stake in Procter & Gamble during the fourth quarter worth $34,000. Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.0%

Shares of Procter & Gamble stock opened at $153.55 on Friday. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a market cap of $359.67 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 4.05 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $158.26 and its 200-day moving average price is $163.68.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period last year, the firm earned $1.40 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PG. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Raymond James Financial reduced their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned 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 price target of $175.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.