Davis R M Inc. Purchases 19,716 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Davis R M Inc. increased its stake in Procter & Gamble by 7.6% during the first quarter, acquiring an additional 19,716 shares, bringing its total holdings to 279,245 shares valued at approximately $47.6 million.
• Procter & Gamble recently declared a quarterly dividend of $1.0568, set to be paid on August 15th, with a current annualized yield of 2.77%.
• Despite a mixed bag of analyst ratings, Procter & Gamble has a consensus price target of $175.71, indicating potential for growth from its current trading levels.

Davis R M Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,245 shares of the company's stock after buying an additional 19,716 shares during the quarter. Davis R M Inc.'s holdings in Procter & Gamble were worth $47,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Navigoe LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $31,000. 10Elms LLP purchased a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Mizuho Securities Co. Ltd. grew its stake in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.18 during mid-day trading on Friday, hitting $150.65. 8,593,060 shares of the company's stock traded hands, compared to its average volume of 8,478,234. The firm has a 50 day moving average of $159.83 and a two-hundred day moving average of $163.99. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The firm has a market capitalization of $353.21 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PG shares. Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday. Seven equities 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, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Procter & Gamble 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.