CFM Wealth Partners LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 185.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,017 shares of the company’s stock after acquiring an additional 4,556 shares during the quarter. CFM Wealth Partners LLC’s holdings in Procter & Gamble were worth $1,043,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. EWG Elevate Inc. bought a new position in Procter & Gamble in the 4th quarter valued at about $26,000. Silicon Valley Capital Partners bought a new position in Procter & Gamble in the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in Procter & Gamble in the 3rd quarter valued at about $30,000. Luken Investment Analytics LLC bought a new position in Procter & Gamble in the 4th quarter valued at about $37,000. Finally, Kepos Capital LP bought a new stake in shares of Procter & Gamble during the 4th quarter valued at approximately $38,000. 64.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on PG shares. UBS Group lifted their price target on shares of Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, April 24th. Royal Bank of Canada lifted their price target on shares of Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, April 24th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $171.00 to $175.00 and gave the company a “buy” rating in a report on Monday, April 24th. StockNews.com initiated coverage on shares of Procter & Gamble in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.50.
Procter & Gamble Stock Down 1.0 %
Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The firm had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Thursday, April 20th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s payout ratio is presently 65.51%.
Insider Activity at Procter & Gamble
In related news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the transaction, the chief executive officer now owns 9,343 shares in the company, valued at approximately $1,465,356.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $156.84, for a total transaction of $1,254,720.00. Following the completion of the sale, the chief executive officer now owns 9,343 shares in the company, valued at approximately $1,465,356.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $155.47, for a total transaction of $754,340.44. Following the sale, the insider now owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The disclosure for this sale can be found here. Insiders have sold 95,093 shares of company stock worth $14,821,930 in the last quarter. Company insiders own 0.26% of the company’s stock.
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.
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