BluePointe Capital Management LLC Makes New $347,000 Investment in Procter & Gamble Company (The) (NYSE:PG)

BluePointe Capital Management LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,036 shares of the company's stock, valued at approximately $347,000.

Several other hedge funds have also recently made changes to their positions in PG. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. boosted its position in Procter & Gamble by 321.7% in 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 last quarter. 10Elms LLP bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $1.15 on Tuesday, hitting $152.61. The company's stock had a trading volume of 9,130,138 shares, compared to its average volume of 7,636,913. The company has a market capitalization of $357.80 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40. Procter & Gamble Company has a 1 year low of $151.92 and a 1 year 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 has a fifty day moving average price of $161.67 and a 200-day moving average price of $164.77.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 66.98%.

Analyst Ratings Changes

A number of analysts have commented on PG shares. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.25.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 sale, the insider owned 25,182 shares of the company's stock, valued at $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 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 directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.