Bill Few Associates Inc. boosted its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,617 shares of the company’s stock after acquiring an additional 617 shares during the quarter. Procter & Gamble comprises 2.5% of Bill Few Associates Inc.’s holdings, making the stock its 6th largest holding. Bill Few Associates Inc.’s holdings in Procter & Gamble were worth $4,553,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. EWG Elevate Inc. acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $26,000. Silicon Valley Capital Partners acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of Procter & Gamble in the third quarter valued at $30,000. Luken Investment Analytics LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $37,000. Finally, Bourgeon Capital Management LLC grew its stake in shares of 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 buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.
Analyst Upgrades and Downgrades
PG has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $155.00 in a report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 24th. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $165.00 to $155.00 in a report on Thursday, May 18th. Raymond James lifted their target price on Procter & Gamble from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Sunday, April 23rd. Finally, Morgan Stanley lifted their target price on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.50.
Procter & Gamble Stock Down 0.4 %
Procter & Gamble (NYSE:PG – Free Report) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.07 billion for 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 quarter in the previous year, the firm posted $1.33 EPS. Equities research analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current year.
Procter & Gamble Increases Dividend
The firm also recently announced 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. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Thursday, April 20th. This represents a $3.76 annualized dividend and a yield of 2.52%. Procter & Gamble’s payout ratio is presently 65.51%.
Insiders Place Their Bets
In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.84, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Procter & Gamble news, 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 transaction of $1,922,859.00. Following the transaction, the insider now owns 13,001 shares in the company, valued at approximately $2,032,446.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.84, for a total value of $1,254,720.00. Following the completion of the sale, the chief executive officer now owns 9,343 shares in the company, valued at approximately $1,465,356.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,093 shares of company stock worth $14,821,930. Company insiders own 0.26% of the company’s stock.
Procter & Gamble 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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