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Cambridge Investment Research Advisors Inc. Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

Procter & Gamble logo with Consumer Staples background

Cambridge Investment Research Advisors Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 670,060 shares of the company's stock after purchasing an additional 24,808 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Procter & Gamble were worth $114,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its position in Procter & Gamble by 4.0% in the first quarter. Wolff Wiese Magana LLC now owns 8,257 shares of the company's stock valued at $1,407,000 after purchasing an additional 317 shares during the period. Cassia Capital Partners LLC raised its stake in shares of Procter & Gamble by 6.3% during the 1st quarter. Cassia Capital Partners LLC now owns 6,374 shares of the company's stock worth $1,086,000 after buying an additional 375 shares in the last quarter. North Point Portfolio Managers Corp OH lifted its holdings in shares of Procter & Gamble by 138.1% in the 1st quarter. North Point Portfolio Managers Corp OH now owns 5,871 shares of the company's stock valued at $1,001,000 after buying an additional 3,405 shares during the period. Synergy Asset Management LLC boosted its stake in shares of Procter & Gamble by 1,383.6% in the first quarter. Synergy Asset Management LLC now owns 95,440 shares of the company's stock valued at $16,265,000 after buying an additional 89,007 shares in the last quarter. Finally, Altrius Capital Management Inc grew its holdings in Procter & Gamble by 3.2% during the first quarter. Altrius Capital Management Inc now owns 28,168 shares of the company's stock worth $4,800,000 after acquiring an additional 884 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PG. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Bank of America reduced their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Evercore ISI reissued an "outperform" rating and set a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Read Our Latest Research Report on Procter & Gamble

Insider Activity

In other Procter & Gamble news, 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 value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $0.25 during midday trading on Thursday, reaching $158.73. 7,403,171 shares of the company were exchanged, compared to its average volume of 7,383,799. The firm's 50-day simple moving average is $162.65 and its 200-day simple moving average is $165.74. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a market capitalization of $372.14 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 4.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly 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 during 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 company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid 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 was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 67.14%.

Procter & Gamble Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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