Horan Capital Advisors LLC. Grows Position in The Procter & Gamble Company (NYSE:PG)

Horan Capital Advisors LLC. grew its holdings in The Procter & Gamble Company (NYSE:PG) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,030 shares of the company’s stock after buying an additional 1,447 shares during the quarter. Procter & Gamble makes up 1.5% of Horan Capital Advisors LLC.’s holdings, making the stock its 19th biggest holding. Horan Capital Advisors LLC.’s holdings in Procter & Gamble were worth $4,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Procter & Gamble by 35.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 133,651 shares of the company’s stock valued at $19,586,000 after purchasing an additional 35,271 shares during the last quarter. Smart Money Group LLC increased its stake in shares of Procter & Gamble by 13.8% in the 4th quarter. Smart Money Group LLC now owns 2,274 shares of the company’s stock worth $333,000 after acquiring an additional 275 shares during the last quarter. Summit Global Investments raised its holdings in shares of Procter & Gamble by 108.8% during the 4th quarter. Summit Global Investments now owns 22,914 shares of the company’s stock worth $3,358,000 after acquiring an additional 11,938 shares during the period. Natixis Advisors L.P. boosted its position in shares of Procter & Gamble by 0.3% during the 4th quarter. Natixis Advisors L.P. now owns 1,353,086 shares of the company’s stock valued at $198,281,000 after acquiring an additional 3,910 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,695,456 shares of the company’s stock valued at $248,452,000 after purchasing an additional 12,038 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.4 %

PG traded up $0.62 on Friday, hitting $164.46. 5,577,808 shares of the company were exchanged, compared to its average volume of 6,918,823. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $388.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.43. The firm has a 50-day moving average price of $159.94 and a two-hundred day moving average price of $154.04. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $164.71.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, April 18th. Procter & Gamble’s payout ratio is 65.69%.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the sale, the chief executive officer now directly owns 4,859 shares in the company, valued at $768,256.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $158.11, for a total transaction of $122,693.36. Following the sale, the chief executive officer now owns 4,859 shares of the company’s stock, valued at $768,256.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $162.90, for a total transaction of $5,049,900.00. Following the completion of the transaction, the chief operating officer now owns 9,739 shares of the company’s stock, valued at approximately $1,586,483.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,865 shares of company stock worth $14,059,180. Corporate insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PG. Stifel Nicolaus boosted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Argus increased their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, January 18th. StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.76.

Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.