Fiduciary Family Office LLC Acquires Shares of 8,138 Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Fiduciary Family Office LLC has acquired 8,138 shares of Procter & Gamble Company, valued at approximately $1.39 million, marking a new investment in the company during the first quarter.
• Procter & Gamble reported a earnings per share (EPS) of $1.48 for the quarter, surpassing analysts' expectations of $1.42, along with a year-over-year revenue increase of 1.7% to $20.89 billion.
• The company's recent dividend announcement will pay stockholders $1.0568 per share on August 15, representing an annualized dividend yield of 2.8% with a payout ratio of 64.98%.

Fiduciary Family Office LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,138 shares of the company's stock, valued at approximately $1,387,000.

Several other hedge funds have also recently bought and sold shares of PG. Cladis Investment Advisory LLC lifted its position in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after acquiring an additional 236 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after buying an additional 4,562 shares during the last quarter. World Investment Advisors raised its holdings in Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Sanders Capital LLC grew its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. Sanders Capital LLC now owns 7,353,715 shares of the company's stock valued at $1,232,850,000 after purchasing an additional 104,168 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.0%

Shares of PG traded up $1.52 on Monday, reaching $155.03. The company's stock had a trading volume of 7,327,441 shares, compared to its average volume of 7,956,396. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The stock has a market capitalization of $363.13 billion, a PE ratio of 23.81, a PEG ratio of 4.05 and a beta of 0.37. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $158.01 and a 200-day moving average of $163.60.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is currently 64.98%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Bank of America cut 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 report on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial decreased their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.88.

About Procter & Gamble

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.