First City Capital Management Inc. Has $2.13 Million Stake in The Procter & Gamble Company (NYSE:PG)

First City Capital Management Inc. decreased its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 22.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,514 shares of the company's stock after selling 3,696 shares during the period. Procter & Gamble accounts for about 1.3% of First City Capital Management Inc.'s holdings, making the stock its 19th largest position. First City Capital Management Inc.'s holdings in Procter & Gamble were worth $2,133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PG. NewSquare Capital LLC grew its holdings in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group reiterated a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $178.86.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $164.01 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The business has a 50 day simple moving average of $164.01 and a 200 day simple moving average of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. 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 earned $1.52 EPS. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.58%. Procter & Gamble's payout ratio is presently 66.98%.

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.

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