Atwater Malick LLC Has $10.96 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Atwater Malick LLC raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,290 shares of the company's stock after purchasing an additional 1,553 shares during the quarter. Procter & Gamble comprises approximately 3.7% of Atwater Malick LLC's holdings, making the stock its 12th biggest holding. Atwater Malick LLC's holdings in Procter & Gamble were worth $10,956,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PG. Brighton Jones LLC boosted its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $50,049,000. Guidance Capital Inc. raised its stake in shares of Procter & Gamble by 0.6% in the 4th quarter. Guidance Capital Inc. now owns 13,497 shares of the company's stock valued at $2,215,000 after acquiring an additional 85 shares during the period. Sargent Investment Group LLC raised its stake in shares of Procter & Gamble by 3.4% in the 4th quarter. Sargent Investment Group LLC now owns 12,840 shares of the company's stock valued at $2,040,000 after acquiring an additional 424 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Procter & Gamble by 0.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 159,210 shares of the company's stock valued at $26,692,000 after acquiring an additional 752 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $1.21 during midday trading on Friday, reaching $164.01. 5,692,762 shares of the stock traded hands, compared to its average volume of 7,323,998. 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 firm has a fifty day moving average price of $164.14 and a two-hundred day moving average price of $167.32. The firm has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. 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 - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The firm 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%. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's payout ratio is 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Citigroup decreased their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.86.

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.