Syntal Capital Partners LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,987 shares of the company’s stock after acquiring an additional 244 shares during the quarter. Syntal Capital Partners LLC’s holdings in Procter & Gamble were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Financial Strategies LLC boosted its stake in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after purchasing an additional 113 shares during the period. AMI Investment Management Inc. boosted its position in shares of Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares during the last quarter. LSV Asset Management grew its stake in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock valued at $2,842,000 after acquiring an additional 1,000 shares in the last quarter. Ergoteles LLC purchased a new stake in Procter & Gamble in the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC boosted its holdings in shares of Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on PG. Jefferies Financial Group lifted their target price on Procter & Gamble from $171.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Truist Financial cut Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $155.00 in a report on Thursday, May 18th. Royal Bank of Canada raised their target price 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. UBS Group increased their price objective on shares of Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, Evercore ISI boosted their target price on shares of Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.50.
Procter & Gamble Trading Down 2.1 %
Procter & Gamble (NYSE:PG – Free Report) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, research analysts anticipate that The Procter & Gamble Company will post 5.86 EPS for the current year.
Procter & Gamble Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, April 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.53%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the firm’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 owns 10,014 shares of the company’s stock, valued at approximately $1,562,484.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Shailesh Jejurikar sold 31,000 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the completion of the transaction, the insider now directly owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The disclosure for this sale can be found here. Insiders sold 95,093 shares of company stock worth $14,821,930 over the last three months. 0.26% of the stock is owned by corporate insiders.
Procter & Gamble Company 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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