Steph & Co. boosted its position in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 17.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,119 shares of the company’s stock after buying an additional 1,056 shares during the quarter. Procter & Gamble makes up about 0.7% of Steph & Co.’s holdings, making the stock its 24th biggest holding. Steph & Co.’s holdings in Procter & Gamble were worth $1,059,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. EWG Elevate Inc. purchased a new position in Procter & Gamble during the 4th quarter valued at $26,000. Silicon Valley Capital Partners purchased a new position in Procter & Gamble during the 4th quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in Procter & Gamble during the 3rd quarter valued at $30,000. Luken Investment Analytics LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $37,000. Finally, Bourgeon Capital Management LLC increased its position in Procter & Gamble by 39.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock valued at $38,000 after purchasing an additional 71 shares during the period. 64.65% of the stock is currently owned by institutional investors.
Insider Transactions at Procter & Gamble
In other news, CAO Matthew W. Janzaruk sold 13,697 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $155.76, for a total value of $2,133,444.72. Following the transaction, the chief accounting officer now owns 883 shares in the company, valued at approximately $137,536.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,240,184.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 13,697 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.76, for a total transaction of $2,133,444.72. Following the sale, the chief accounting officer now owns 883 shares in the company, valued at approximately $137,536.08. 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.
Analyst Ratings Changes
Procter & Gamble Price Performance
PG opened at $151.74 on Friday. 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 stock has a market capitalization of $357.65 billion, a P/E ratio of 26.44, a P/E/G ratio of 4.15 and a beta of 0.41. The company’s 50-day simple moving average is $150.41 and its two-hundred day simple moving average is $147.39. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $158.11.
Procter & Gamble (NYSE:PG – Free Report) last posted its 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 business had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.32 billion. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. As a group, analysts predict that The Procter & Gamble Company will post 5.86 EPS for the current year.
Procter & Gamble Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were paid a $0.9407 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.48%. 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 65.51%.
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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