5,212 Shares in Procter & Gamble Company (The) (NYSE:PG) Purchased by Nicholson Meyer Capital Management Inc.

Nicholson Meyer Capital Management Inc. purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,212 shares of the company's stock, valued at approximately $888,000. Procter & Gamble accounts for about 0.8% of Nicholson Meyer Capital Management Inc.'s portfolio, making the stock its 22nd biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. NewSquare Capital LLC grew its stake in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth $31,000. Hoey Investments Inc. grew its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the fourth quarter valued at approximately $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.9%

Shares of PG opened at $160.00 on Monday. The stock's 50-day moving average price is $162.44 and its two-hundred day moving average price is $165.58. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a market capitalization of $375.11 billion, a PE ratio of 25.40, a PEG ratio of 4.71 and a beta of 0.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PG. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Citigroup lowered their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

About Procter & Gamble

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.

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