GSA Capital Partners LLP Makes New Investment in Procter & Gamble Company (The) (NYSE:PG)

GSA Capital Partners LLP bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,816 shares of the company's stock, valued at approximately $1,673,000.

Other large investors have also recently made changes to their positions in the company. Navigoe LLC acquired 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 fourth quarter worth $31,000. Hoey Investments Inc. lifted its holdings in shares of 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 purchasing an additional 148 shares during the period. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PG shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Raymond James Financial cut their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Up 0.1%

NYSE:PG traded up $0.18 during mid-day trading on Friday, reaching $150.65. The company's stock had a trading volume of 8,593,060 shares, compared to its average volume of 8,268,750. The company's fifty day simple moving average is $160.13 and its two-hundred day simple moving average is $164.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The stock has a market cap of $353.20 billion, a P/E ratio of 23.14, a P/E/G ratio of 4.27 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The company's revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio is 67.14%.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

Procter & Gamble Company 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.