First Foundation Advisors Buys 2,341 Shares of Procter & Gamble Company (The) (NYSE:PG)

First Foundation Advisors increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 24.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,951 shares of the company's stock after buying an additional 2,341 shares during the quarter. First Foundation Advisors' holdings in Procter & Gamble were worth $2,037,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares during the period. Capital Research Global Investors increased its position in Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after purchasing an additional 2,846,560 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Procter & Gamble by 1,709.5% during the 4th quarter. APG Asset Management N.V. now owns 2,006,298 shares of the company's stock valued at $324,825,000 after purchasing an additional 1,895,421 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock traded up $0.18 during trading hours on Friday, hitting $150.65. 8,593,060 shares of the company were exchanged, compared to its average volume of 8,268,750. The firm has a fifty day simple moving average of $160.13 and a 200 day simple moving average of $164.05. 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 Company has a 52-week low of $149.91 and a 52-week high of $180.43. The stock has a market capitalization of $353.20 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 4.27 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. Procter & Gamble's revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Raymond James Financial dropped their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $175.88.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.