Elios Financial Group Inc. Makes New $461,000 Investment in The Procter & Gamble Company (NYSE:PG)

Elios Financial Group Inc. purchased a new stake in shares of The Procter & Gamble Company (NYSE:PG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,661 shares of the company’s stock, valued at approximately $461,000.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Procter & Gamble by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 4,499,792 shares of the company’s stock worth $780,939,000 after buying an additional 75,330 shares during the period. Capital Square LLC grew its holdings in Procter & Gamble by 4.5% in the third quarter. Capital Square LLC now owns 10,545 shares of the company’s stock worth $1,827,000 after purchasing an additional 452 shares during the period. Acorn Wealth Advisors LLC increased its stake in shares of Procter & Gamble by 16.1% during the third quarter. Acorn Wealth Advisors LLC now owns 5,132 shares of the company’s stock valued at $889,000 after purchasing an additional 710 shares in the last quarter. Diversified LLC lifted its holdings in shares of Procter & Gamble by 2.3% during the third quarter. Diversified LLC now owns 8,331 shares of the company’s stock valued at $1,443,000 after purchasing an additional 186 shares during the last quarter. Finally, Truvestments Capital LLC grew its stake in shares of Procter & Gamble by 5.7% in the 3rd quarter. Truvestments Capital LLC now owns 29,100 shares of the company’s stock worth $5,040,000 after buying an additional 1,561 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 12,800 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total transaction of $2,210,944.00. Following the completion of the sale, the insider now owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 37,240 shares of Procter & Gamble stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the sale, the chief executive officer now directly owns 263,537 shares in the company, valued at $44,508,763.93. This trade represents a 12.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,473 shares of company stock valued at $12,313,697. 0.18% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $177.40 on Tuesday. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $178.82. The firm has a market capitalization of $417.78 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.81 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $170.04 and a 200 day moving average of $168.74.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. Procter & Gamble’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 EPS. On average, research analysts anticipate that The Procter & Gamble Company will post 6.94 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.27%. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. DZ Bank raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Thursday, August 29th. Evercore ISI upped their price target on shares of Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.45.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.