My Legacy Advisors LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,396 shares of the company’s stock after purchasing an additional 118 shares during the quarter. My Legacy Advisors LLC’s holdings in Procter & Gamble were worth $1,116,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Norway Savings Bank raised its position in Procter & Gamble by 0.5% in the first quarter. Norway Savings Bank now owns 20,152 shares of the company’s stock worth $2,996,000 after acquiring an additional 101 shares in the last quarter. First Affirmative Financial Network raised its position in Procter & Gamble by 12.1% in the first quarter. First Affirmative Financial Network now owns 3,649 shares of the company’s stock worth $543,000 after acquiring an additional 394 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its position in Procter & Gamble by 34.8% in the first quarter. O Keefe Stevens Advisory Inc. now owns 2,291 shares of the company’s stock worth $341,000 after acquiring an additional 591 shares in the last quarter. Wedmont Private Capital raised its position in Procter & Gamble by 24.4% in the first quarter. Wedmont Private Capital now owns 19,168 shares of the company’s stock worth $2,894,000 after acquiring an additional 3,759 shares in the last quarter. Finally, RMR Wealth Builders raised its position in Procter & Gamble by 4.1% in the first quarter. RMR Wealth Builders now owns 5,753 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Insider Activity
In other news, insider Balaji Purushothaman sold 12,300 shares of Procter & Gamble stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $156.33, for a total value of $1,922,859.00. Following the transaction, the insider now directly owns 13,001 shares of the company’s stock, valued at approximately $2,032,446.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the transaction, the insider now directly owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 12,300 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.33, for a total value of $1,922,859.00. Following the transaction, the insider now directly owns 13,001 shares in the company, valued at $2,032,446.33. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock valued at $14,821,930 in the last three months. Corporate insiders own 0.26% of the company’s stock.
Analysts Set New Price Targets
Procter & Gamble Stock Up 0.9 %
PG opened at $149.45 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market capitalization of $352.25 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41. The business has a 50-day moving average of $150.71 and a two-hundred day moving average of $147.41. The Procter & Gamble Company has a 12 month low of $122.18 and a 12 month high of $158.11.
Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating the consensus estimate 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 was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. On average, research analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders 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 dividend yield of 2.52%. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s payout ratio is currently 65.51%.
About Procter & Gamble
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.
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