Kaydan Wealth Management Inc. trimmed its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,026 shares of the company’s stock after selling 169 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in Procter & Gamble were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Royal Fund Management LLC increased its position in Procter & Gamble by 1.9% during the 1st quarter. Royal Fund Management LLC now owns 34,563 shares of the company’s stock valued at $5,139,000 after purchasing an additional 650 shares during the period. Thomasville National Bank boosted its holdings in shares of Procter & Gamble by 7.0% during the 1st quarter. Thomasville National Bank now owns 19,970 shares of the company’s stock valued at $2,969,000 after buying an additional 1,310 shares in the last quarter. Guinness Atkinson Asset Management Inc boosted its holdings in shares of Procter & Gamble by 2.2% during the 1st quarter. Guinness Atkinson Asset Management Inc now owns 4,102 shares of the company’s stock valued at $610,000 after buying an additional 88 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in shares of Procter & Gamble by 10.9% during the 1st quarter. Guinness Asset Management LTD now owns 891,547 shares of the company’s stock valued at $132,541,000 after buying an additional 87,601 shares in the last quarter. Finally, CRA Financial Services LLC boosted its holdings in shares of Procter & Gamble by 1.7% during the 1st quarter. CRA Financial Services LLC now owns 10,293 shares of the company’s stock valued at $1,531,000 after buying an additional 172 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. StockNews.com began coverage on Procter & Gamble in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Royal Bank of Canada increased their target price on Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft increased their target price on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $155.00 in a research note on Thursday, May 18th. Finally, Jefferies Financial Group increased their target price on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.50.
Procter & Gamble Trading Down 0.9 %
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. As a group, equities research analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were paid a $0.9407 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, April 20th. Procter & Gamble’s dividend payout ratio is presently 65.51%.
Insider Activity at Procter & Gamble
In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the sale, the chief executive officer now owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Andre Schulten sold 25,244 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the transaction, the chief financial officer now directly owns 27,118 shares of the company’s stock, valued at approximately $4,210,611.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the transaction, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,093 shares of company stock worth $14,821,930. 0.26% of the stock is currently owned by insiders.
Procter & Gamble Company 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.
Featured Articles
- Get a free copy of the StockNews.com research report on Procter & Gamble (PG)
- Insider Trading Activity (Form 4 Filings): What is Form 4?
- Innovative Eyewear Stock Surges on Reebok Smart Eyewear Deal
- Is ESG Investing Dead? Fund Outflows Signal Tough Times
- e.l.f. Beauty on a Shelf: Consolidating for the Next Leg Up?
- The Most Upgraded Stocks In Q2
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Get Rating).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
