Old Port Advisors cut its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,326 shares of the company’s stock after selling 192 shares during the quarter. Old Port Advisors’ holdings in Procter & Gamble were worth $501,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Keystone Wealth Services LLC raised its position in Procter & Gamble by 2.7% in the 1st quarter. Keystone Wealth Services LLC now owns 2,562 shares of the company’s stock valued at $381,000 after buying an additional 67 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Procter & Gamble by 1.8% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock worth $580,000 after acquiring an additional 69 shares during the period. Calton & Associates Inc. boosted its stake in Procter & Gamble by 2.0% in the 4th quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock worth $536,000 after purchasing an additional 71 shares during the period. Bourgeon Capital Management LLC boosted its stake in Procter & Gamble by 39.9% in the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares during the period. Finally, Atticus Wealth Management LLC boosted its stake in Procter & Gamble by 0.8% in the 4th quarter. Atticus Wealth Management LLC now owns 8,751 shares of the company’s stock worth $1,326,000 after purchasing an additional 71 shares during the period. 64.65% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target 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. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and cut their price objective for the stock from $165.00 to $155.00 in a research report on Thursday, May 18th. UBS Group lifted their price objective on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Barclays lifted their price target on Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. Finally, Morgan Stanley lifted their price target on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $161.50.
Insider Buying and Selling at Procter & Gamble
Procter & Gamble Trading Down 1.0 %
Shares of PG stock opened at $148.46 on Friday. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.11. 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’s 50 day simple moving average is $150.63 and its two-hundred day simple moving average is $147.42. The company has a market cap of $349.90 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 4.16 and a beta of 0.41.
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The business had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts predict that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were given a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, April 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. This represents a $3.76 dividend on an annualized basis and a yield of 2.53%. Procter & Gamble’s dividend payout ratio is 65.51%.
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 research report on Procter & Gamble from StockNews.com
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Wayfair: From Steep Decline to Recent Surge
- Five stocks we like better than Procter & Gamble
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.
