Elite Life Management LLC Acquires New Stake in The Procter & Gamble Company (NYSE:PG)

Elite Life Management LLC purchased a new position in shares of The Procter & Gamble Company (NYSE:PG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,916 shares of the company’s stock, valued at approximately $281,000. Procter & Gamble makes up about 1.7% of Elite Life Management LLC’s holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Dfpg Investments LLC increased its stake in shares of Procter & Gamble by 1.7% during the 4th quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC increased its stake in shares of Procter & Gamble by 6.3% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock worth $645,000 after purchasing an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC increased its stake in shares of Procter & Gamble by 14.6% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock worth $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Procter & Gamble by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock worth $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in Procter & Gamble by 105.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock valued at $8,699,000 after buying an additional 30,473 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 1.7 %

Shares of PG stock traded up $2.65 during trading hours on Monday, hitting $160.79. 4,334,069 shares of the company’s stock traded hands, compared to its average volume of 6,897,697. The stock’s 50 day simple moving average is $159.14 and its 200 day simple moving average is $153.02. The stock has a market cap of $378.34 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $163.14. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.77%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period in the prior year, the company posted $1.37 earnings per share. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.53 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.50%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procter & Gamble news, CEO Gary A. Coombe sold 22,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the transaction, the chief executive officer now directly owns 36,845 shares of the company’s stock, valued at $5,943,835.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total transaction of $620,719.00. Following the completion of the transaction, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,063 shares of company stock worth $43,187,745. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the topic of a number of research reports. Royal Bank of Canada upped their price target on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 24th. UBS Group increased their target price on shares of Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Jefferies Financial Group increased their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James increased their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $168.76.

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.