Curat Global LLC purchased a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,910 shares of the company's stock, valued at approximately $837,000. Procter & Gamble accounts for 1.0% of Curat Global LLC's investment portfolio, making the stock its 23rd largest position.
Other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Procter & Gamble in the fourth quarter worth approximately $50,049,000. Guidance Capital Inc. raised its stake in Procter & Gamble by 0.6% in the fourth quarter. Guidance Capital Inc. now owns 13,497 shares of the company's stock worth $2,215,000 after buying an additional 85 shares in the last quarter. Sargent Investment Group LLC raised its stake in Procter & Gamble by 3.4% in the fourth quarter. Sargent Investment Group LLC now owns 12,840 shares of the company's stock worth $2,040,000 after buying an additional 424 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Procter & Gamble by 0.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 159,210 shares of the company's stock worth $26,692,000 after buying an additional 752 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Procter & Gamble Stock Performance
Shares of PG traded up $1.21 during trading hours on Friday, reaching $164.01. 5,692,762 shares of the company traded hands, compared to its average volume of 7,323,998. The stock has a market capitalization of $384.53 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The business has a fifty day moving average price of $164.14 and a 200-day moving average price of $167.32.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. Equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal 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 issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.58%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is presently 66.98%.
Insider Buying and Selling at Procter & Gamble
In other news, CEO Jennifer L. Davis sold 1,000 shares of the 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 now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
PG has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an "outperform" rating and set a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.86.
View Our Latest Analysis on PG
About Procter & Gamble
(
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.
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