Naples Global Advisors LLC decreased its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 57.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,810 shares of the company’s stock after selling 63,092 shares during the quarter. Procter & Gamble comprises about 0.8% of Naples Global Advisors LLC’s portfolio, making the stock its 21st biggest holding. Naples Global Advisors LLC’s holdings in Procter & Gamble were worth $6,812,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Keystone Wealth Services LLC lifted its holdings in Procter & Gamble by 2.7% in the first quarter. Keystone Wealth Services LLC now owns 2,562 shares of the company’s stock valued at $381,000 after acquiring an additional 67 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in Procter & Gamble by 1.8% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,824 shares of the company’s stock valued at $580,000 after acquiring an additional 69 shares during the period. Calton & Associates Inc. lifted its holdings in Procter & Gamble by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 3,536 shares of the company’s stock valued at $536,000 after acquiring an additional 71 shares during the period. Bourgeon Capital Management LLC lifted its holdings in Procter & Gamble by 39.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares during the period. Finally, Atticus Wealth Management LLC lifted its holdings in Procter & Gamble by 0.8% in the fourth quarter. Atticus Wealth Management LLC now owns 8,751 shares of the company’s stock valued at $1,326,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Insiders Place Their Bets
In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the transaction, the chief operating officer now owns 10,014 shares in the company, valued at approximately $1,562,484.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,300 shares of the company’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 of the company’s stock, valued at approximately $2,032,446.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the transaction, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The disclosure for this sale can be found here. Insiders sold a total of 95,093 shares of company stock worth $14,821,930 in the last 90 days. 0.26% of the stock is owned by company insiders.
Analysts Set New Price Targets
Procter & Gamble Stock Down 0.0 %
Shares of NYSE:PG opened at $149.99 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.11. The stock has a market capitalization of $353.52 billion, a P/E ratio of 26.13, a PEG ratio of 4.13 and a beta of 0.41. The stock has a 50-day simple moving average of $150.53 and a 200-day simple moving average of $147.38.
Procter & Gamble (NYSE:PG – Free Report) last issued its 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 return on equity of 32.18% and a net margin of 17.69%. The business had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the business 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 declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, April 20th. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend 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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