Alpine Bank Wealth Management Purchases New Stake in Procter & Gamble Company (The) (NYSE:PG)

Alpine Bank Wealth Management purchased a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,002 shares of the company's stock, valued at approximately $1,193,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Financial Life Planners raised its position in shares of Procter & Gamble by 38.5% in the 1st quarter. Financial Life Planners now owns 611 shares of the company's stock valued at $104,000 after purchasing an additional 170 shares in the last quarter. Arlington Partners LLC increased its stake in shares of Procter & Gamble by 2.4% in the first quarter. Arlington Partners LLC now owns 25,936 shares of the company's stock worth $4,420,000 after buying an additional 609 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in Procter & Gamble by 0.4% in the first quarter. HBK Sorce Advisory LLC now owns 68,233 shares of the company's stock valued at $11,628,000 after acquiring an additional 267 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Procter & Gamble by 181.6% in the first quarter. Golden State Wealth Management LLC now owns 15,321 shares of the company's stock valued at $2,612,000 after acquiring an additional 9,881 shares in the last quarter. Finally, Aurora Private Wealth Inc. boosted its stake in Procter & Gamble by 2,315.3% during the 1st quarter. Aurora Private Wealth Inc. now owns 185,058 shares of the company's stock valued at $31,538,000 after acquiring an additional 177,396 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated 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 directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

NYSE PG traded down $0.25 on Thursday, reaching $158.73. The company's stock had a trading volume of 7,403,171 shares, compared to its average volume of 7,374,929. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The firm's 50 day moving average is $162.88 and its two-hundred day moving average is $165.83. The stock has a market cap of $372.14 billion, a PE ratio of 25.19, a PEG ratio of 4.73 and a beta of 0.43.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 66.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PG shares. Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a report on Thursday, May 1st. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Bank of America reduced 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. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price 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.