Dupont Capital Management Corp Acquires 5,417 Shares of Procter & Gamble Company (The) (NYSE:PG)

Dupont Capital Management Corp grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,520 shares of the company's stock after purchasing an additional 5,417 shares during the quarter. Procter & Gamble makes up about 1.6% of Dupont Capital Management Corp's portfolio, making the stock its 17th largest position. Dupont Capital Management Corp's holdings in Procter & Gamble were worth $14,404,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PG. NewSquare Capital LLC boosted its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new position in Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the fourth quarter worth $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Up 0.6%

Shares of PG stock traded up $0.91 on Friday, hitting $158.93. The stock had a trading volume of 16,056,110 shares, compared to its average volume of 7,387,955. The business has a 50 day moving average of $163.35 and a 200 day moving average of $166.07. The stock has a market cap of $372.62 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 4.69 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Wall Street Analyst Weigh In

PG has been the topic of several research analyst reports. Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Bank of America cut their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.86.

Insider Buying and Selling

In other Procter & Gamble 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 completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. 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.