Cadent Capital Advisors LLC grew its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,823 shares of the company’s stock after purchasing an additional 74 shares during the period. Cadent Capital Advisors LLC’s holdings in Procter & Gamble were worth $271,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PG. EWG Elevate Inc. purchased a new position in shares of Procter & Gamble in the fourth quarter worth $26,000. Silicon Valley Capital Partners purchased a new position in Procter & Gamble in the 4th quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in Procter & Gamble during the 3rd quarter worth about $30,000. Luken Investment Analytics LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $37,000. Finally, Kepos Capital LP acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 64.65% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $156.84, for a total value of $1,254,720.00. Following the transaction, the chief executive officer now directly owns 9,343 shares of the company’s stock, valued at $1,465,356.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 12,300 shares of the firm’s stock in a transaction 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction dated 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 directly owns 9,343 shares of the company’s stock, valued at approximately $1,465,356.12. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock valued at $14,821,930 in the last 90 days. 0.26% of the stock is owned by insiders.
Procter & Gamble Stock Performance
Procter & Gamble (NYSE:PG – Free Report) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, beating 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 analyst estimates of $19.32 billion. During the same period last year, the company posted $1.33 EPS. Procter & Gamble’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that The Procter & Gamble Company will post 5.86 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were issued a $0.9407 dividend. The ex-dividend date was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PG. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $155.00 in a report on Friday, March 3rd. UBS Group raised their target price on shares of Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Royal Bank of Canada upped 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. Morgan Stanley lifted their price objective on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, April 24th. Finally, StockNews.com started coverage on Procter & Gamble in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.50.
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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