Boyd Watterson Asset Management LLC OH increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,328 shares of the company's stock after buying an additional 4,689 shares during the period. Procter & Gamble comprises approximately 1.3% of Boyd Watterson Asset Management LLC OH's holdings, making the stock its 21st largest position. Boyd Watterson Asset Management LLC OH's holdings in Procter & Gamble were worth $3,976,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Modern Wealth Management LLC lifted its position in Procter & Gamble by 26.4% in the fourth quarter. Modern Wealth Management LLC now owns 55,260 shares of the company's stock worth $9,258,000 after buying an additional 11,540 shares during the last quarter. Prospect Financial Group LLC bought a new stake in Procter & Gamble in the fourth quarter worth $271,000. Finally, TIAA Trust National Association lifted its position in Procter & Gamble by 1.5% in the fourth quarter. TIAA Trust National Association now owns 331,846 shares of the company's stock worth $55,634,000 after buying an additional 4,889 shares during the last quarter. Institutional investors own 65.77% of the company's stock.
Insider Buying and Selling
In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred 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 approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares of the company's stock, 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 owned by company insiders.
Procter & Gamble Stock Performance
NYSE PG traded down $0.53 on Friday, reaching $158.28. 5,797,244 shares of the company's stock traded hands, compared to its average volume of 8,221,521. The firm has a market cap of $371.10 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two week high of $180.43. The stock has a 50 day moving average price of $161.12 and a 200-day moving average price of $164.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its 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 business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 earnings per share. Equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PG. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. UBS Group cut their target price on Procter & Gamble from $186.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $176.12.
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About Procter & Gamble
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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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