James J. Burns & Company LLC boosted its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) by 161.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,295 shares of the company’s stock after purchasing an additional 2,652 shares during the quarter. James J. Burns & Company LLC’s holdings in Procter & Gamble were worth $639,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EWG Elevate Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth approximately $26,000. Silicon Valley Capital Partners bought a new stake in shares of Procter & Gamble in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of Procter & Gamble in the third quarter valued at about $30,000. Luken Investment Analytics LLC bought a new position in Procter & Gamble during the fourth quarter worth about $37,000. Finally, Bourgeon Capital Management LLC boosted its holdings in Procter & Gamble by 39.9% in 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. Institutional investors and hedge funds own 64.65% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Andre Schulten sold 25,244 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the transaction, the chief financial officer now owns 27,118 shares of the company’s stock, valued at $4,210,611.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the business’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 value of $754,340.44. Following the completion of the transaction, the insider now owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the sale, the chief financial officer now owns 27,118 shares in the company, valued at approximately $4,210,611.86. The disclosure for this sale can be found here. Insiders sold a total of 95,093 shares of company stock worth $14,821,930 in the last quarter. 0.26% of the stock is owned by company insiders.
Procter & Gamble Stock Down 2.1 %
Procter & Gamble (NYSE:PG – Free Report) last issued its quarterly earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The business 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 earnings per share. Procter & Gamble’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts expect that The Procter & Gamble Company will post 5.86 EPS for the current fiscal year.
Procter & Gamble Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were paid a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. Procter & Gamble’s payout ratio is presently 65.51%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. UBS Group raised their price target on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. StockNews.com began coverage on shares of Procter & Gamble in a research report on Thursday, May 18th. They set a “buy” rating for the company. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and decreased their price target for the company from $165.00 to $155.00 in a research note on Thursday, May 18th. Barclays upped their price objective on Procter & Gamble from $160.00 to $167.00 in a research report on Wednesday, April 26th. Finally, Morgan Stanley boosted their target price on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, April 24th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $161.50.
About Procter & Gamble
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.
Featured Stories
- Five stocks we like better than Procter & Gamble
- MarketBeat Week in Review – 7/3 – 7/7
- Pfizer Just Invested $25 million In This Biotech
- Cracks In The Labor Market? Not Yet, But They’re Coming
- Levi’s: Buy On The Dip Or Downtrend In Play?
- Who Wins And Who Loses With China’s Metal Restrictions
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
