Bank Julius Baer & Co. Ltd Zurich Raises Holdings in Procter & Gamble Company (The) (NYSE:PG)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 26.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,058,890 shares of the company's stock after purchasing an additional 836,305 shares during the quarter. Procter & Gamble comprises approximately 2.5% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 8th largest position. Bank Julius Baer & Co. Ltd Zurich owned 0.17% of Procter & Gamble worth $755,334,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PG. Navigoe LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. raised its position in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. 10Elms LLP purchased a new position in Procter & Gamble during the fourth quarter valued at $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 1.0%

NYSE:PG traded up $1.60 on Tuesday, reaching $156.63. The stock had a trading volume of 2,081,668 shares, compared to its average volume of 7,629,701. Procter & Gamble Company has a 12-month low of $151.90 and a 12-month high of $180.43. The firm's fifty day moving average is $161.31 and its two-hundred day moving average is $164.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company has a market cap of $367.22 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 4.41 and a beta of 0.40.

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

Procter & Gamble Dividend Announcement

The firm also recently announced 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 is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.70%. Procter & Gamble's payout ratio is 67.14%.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated 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 completion of the sale, the insider directly owned 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. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PG. Evercore ISI reissued an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Truist Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.84.

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.

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