Nearwater Capital Markets Ltd Makes New Investment in The Procter & Gamble Company (NYSE:PG)

Nearwater Capital Markets Ltd acquired a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 90,000 shares of the company's stock, valued at approximately $15,088,000.

Several other large investors also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Procter & Gamble by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after acquiring an additional 139 shares during the last quarter. Abound Wealth Management boosted its position in shares of Procter & Gamble by 113.7% during the 4th quarter. Abound Wealth Management now owns 4,197 shares of the company's stock valued at $704,000 after acquiring an additional 2,233 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in shares of Procter & Gamble by 46.0% during the 4th quarter. Elevated Capital Advisors LLC now owns 7,070 shares of the company's stock valued at $1,185,000 after acquiring an additional 2,228 shares during the last quarter. Sunflower Bank N.A. boosted its position in shares of Procter & Gamble by 0.4% during the 4th quarter. Sunflower Bank N.A. now owns 109,594 shares of the company's stock valued at $18,373,000 after acquiring an additional 389 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of Procter & Gamble by 80.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 119,940 shares of the company's stock valued at $20,108,000 after acquiring an additional 53,607 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PG. Bank of America dropped their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company raised their price objective on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $178.52.

Procter & Gamble Trading Up 0.5%

Shares of PG traded up $0.87 during mid-day trading on Friday, hitting $163.28. 7,100,112 shares of the company's stock traded hands, compared to its average volume of 7,226,242. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a market capitalization of $382.82 billion, a P/E ratio of 26.00, a PEG ratio of 3.76 and a beta of 0.41. The business's 50-day moving average price is $164.50 and its 200-day moving average price is $167.29.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. Procter & Gamble's payout ratio is currently 66.98%.

Insiders Place Their Bets

In related news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,520 shares of company stock valued at $10,999,268. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.