Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its holdings in Procter & Gamble by 120.7% in Q1, owning a total of 364,378 shares worth approximately $62 million, making it the firm's 21st largest position.
• Procter & Gamble reported earnings per share of $1.48 for the latest quarter, exceeding analysts' expectations of $1.42, with a year-over-year revenue increase of 1.7%.
• The company declared a quarterly dividend of $1.0568 per share, with an annualized dividend yield of 2.8%, to be paid on August 15th to investors of record by July 18th.

Benjamin Edwards Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 120.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,378 shares of the company's stock after buying an additional 199,258 shares during the period. Procter & Gamble comprises 0.9% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 21st largest holding. Benjamin Edwards Inc.'s holdings in Procter & Gamble were worth $62,098,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after buying an additional 2,846,560 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after buying an additional 2,703,757 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after buying an additional 2,224,912 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $310,679,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

NYSE:PG traded up $1.52 during mid-day trading on Monday, hitting $155.03. 7,327,441 shares of the company's stock traded hands, compared to its average volume of 7,956,396. The company has a market cap of $363.13 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 4.05 and a beta of 0.37. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm's 50 day simple moving average is $158.26 and its 200 day simple moving average is $163.66.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business 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 $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Wall Street Analyst Weigh In

PG has been the subject of several research analyst reports. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

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.