Park Avenue Securities LLC grew its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,177 shares of the company’s stock after purchasing an additional 2,352 shares during the quarter. Park Avenue Securities LLC’s holdings in Procter & Gamble were worth $9,542,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its position in shares of Procter & Gamble by 4.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 36,681 shares of the company’s stock worth $5,559,000 after buying an additional 1,711 shares in the last quarter. Deuterium Capital Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth approximately $675,000. Sweet Financial Partners LLC grew its holdings in Procter & Gamble by 25.3% during the 1st quarter. Sweet Financial Partners LLC now owns 10,422 shares of the company’s stock worth $1,550,000 after acquiring an additional 2,106 shares in the last quarter. CX Institutional increased its position in shares of Procter & Gamble by 4.1% in the 4th quarter. CX Institutional now owns 33,743 shares of the company’s stock valued at $5,114,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 11.1% in the 4th quarter. Oak Harbor Wealth Partners LLC now owns 30,891 shares of the company’s stock valued at $4,682,000 after purchasing an additional 3,089 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Procter & Gamble
In other news, COO Shailesh Jejurikar sold 31,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the transaction, the chief operating officer now directly owns 10,014 shares in the company, valued at $1,562,484.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Shailesh Jejurikar sold 31,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the transaction, the chief operating officer now owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the firm’s stock in a transaction on 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 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. In the last quarter, insiders sold 95,093 shares of company stock worth $14,821,930. Company insiders own 0.26% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Free Report) last posted its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $20.07 billion during 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 period last year, the firm earned $1.33 EPS. On average, equities research analysts anticipate that The Procter & Gamble Company will post 5.86 earnings per share for the current 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 given a dividend of $0.9407 per share. The ex-dividend date was Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.48%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio is presently 65.51%.
Analyst Ratings Changes
Several equities analysts recently commented on PG shares. Deutsche Bank Aktiengesellschaft increased 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 cut their target price for the stock from $165.00 to $155.00 in a research report on Thursday, May 18th. Barclays upped their price target on Procter & Gamble from $160.00 to $167.00 in a report on Wednesday, April 26th. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Finally, Evercore ISI increased their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research 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 data from MarketBeat, the company currently 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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