Capital Market Strategies LLC increased its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 31.7% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). . The institutional investor owned 2,998 shares of the company after purchasing an additional 722 shares during the period. Capital Market Strategies LLC’s holdings in Procter & Gamble were worth $458,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently changed their positions in PG. Patriot Financial Group Insurance Agency LLC increased its stake in Procter & Gamble by 5.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 12,144 shares of the company worth $1,698,000 after buying 586 additional shares in the last quarter. First Mercantile Trust Co. increased its stake in Procter & Gamble by 12.1% during the third quarter. First Mercantile Trust Co. now owns 20,669 shares of the company valued at $2,890,000 after acquiring 2,232 additional shares during the period. Summit Financial Group Inc. increased its stake in Procter & Gamble by 0.5% during the 4th quarter. Summit Financial Group Inc. now owns 48,867 shares of the company valued at $7,993,000 after acquiring 223 additional shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake in Procter & Gamble by 1.3% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 28,291 shares of the company valued at $4,628,000 after acquiring 369 additional shares during the period. Finally, Integrated Investment Consultants LLC increased its stake in Procter & Gamble by 21.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the company valued at $571,000 after acquiring an additional 622 shares during the period. Institutional investors hold 63.64% of the company’s shares.
Several equity analysts have published reports on PG shares. Barclays lowered its price target on Procter & Gamble shares from $176.00 to $157.00 and set an “overweight” rating on the stock in a Monday May 23 research note. Truist Financial upgraded Procter & Gamble shares from a “hold” rating to a “buy” rating and raised its target price for the company from $165.00 to $175.00 in a research note from the Tuesday March 22. Jefferies Financial Group raised its price target on Procter & Gamble shares from $179.00 to $185.00 in a Thursday, April 21 research report. Deutsche Bank Aktiengesellschaft cut its price target on Procter & Gamble shares from $171.00 to $157.00 and set a “buy” rating for the company in a Tuesday, June 21 research report. Finally, Credit Suisse Group raised its price target on Procter & Gamble shares from $140.00 to $150.00 and gave the company a “neutral” rating in a Thursday, April 21 research report. Five equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $165.64.
Separately, CAO Matthew W. Janzaruk sold 334 shares of the company in a trade on Tuesday, April 26. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares of the company, valued at $198,164.60. The sale was disclosed in a filing with the SEC, accessible via this link. Additionally, Chairman David S. Taylor sold 60,000 shares of the company in a trade on Thursday, April 21. The stock was sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the sale, the president now owns 253,933 shares of the company, valued at $41,777,057.16. The disclosure of this sale can be found here. Insiders sold a total of 108,415 shares of the company valued at $17,777,055 during the last quarter. Company insiders hold 0.51% of the company’s shares.
Shares of PG opened at $142.20 on Thursday. The company has a debt ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble has a 1-year low of $129.50 and a 1-year high of $165.35. The company has a 50-day simple moving average of $147.99 and a two-hundred-day simple moving average of $154.08. The company has a market capitalization of $341.18 billion, a P/E ratio of 24.82, a price-to-earnings growth ratio of 4.08 and a beta of 0.40.
Procter & Gamble Inc (NYSE:PG – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The company reported earnings per share (EPS) of $1.33 for the quarter, beating consensus analyst estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company posted revenue of $19.38 billion in the quarter, versus analyst estimates of $18.69 billion. During the same period last year, the company posted EPS of $1.26. The company’s revenue increased 7.0% year over year. On average, sell-side analysts expect The Procter & Gamble Company to post earnings per share of 5.84 for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16. Shareholders of record on Friday, April 22 received a dividend of $0.9133 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a dividend of $3.65 on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, April 21. Procter & Gamble’s dividend payout ratio is currently 63.70%.
About Procter & Gamble (Get a rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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