GAMMA Investing LLC Has $1.36 Billion Stock Position in The Procter & Gamble Company (NYSE:PG)

GAMMA Investing LLC boosted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 20,758.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,951,456 shares of the company's stock after acquiring an additional 7,913,335 shares during the period. GAMMA Investing LLC owned about 0.34% of Procter & Gamble worth $1,355,087,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. NewSquare Capital LLC lifted its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC purchased a new position in Procter & Gamble in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $31,000. Hoey Investments Inc. boosted its position in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This 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 this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on PG shares. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Erste Group Bank downgraded Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Eight 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Procter & Gamble Stock Performance

Shares of PG traded down $2.45 during midday trading on Monday, hitting $167.44. 4,473,363 shares of the stock traded hands, compared to its average volume of 7,298,107. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The firm has a market capitalization of $392.56 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The business's 50 day moving average price is $164.35 and its two-hundred day moving average price is $167.40.

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 for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. Equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.52%. 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. Procter & Gamble's dividend payout ratio is presently 66.98%.

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.