Generali Investments Management Co LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Generali Investments Management Co LLC lifted its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 9.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,947 shares of the company's stock after buying an additional 2,022 shares during the quarter. Procter & Gamble comprises 1.1% of Generali Investments Management Co LLC's portfolio, making the stock its 19th biggest holding. Generali Investments Management Co LLC's holdings in Procter & Gamble were worth $3,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC grew its position in shares of 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 purchasing an additional 140 shares in the last quarter. Navigoe LLC bought a new stake in Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble in the 4th quarter worth approximately $31,000. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the fourth quarter valued at $34,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup lowered their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Evercore ISI reiterated an "outperform" rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday. Bank of America dropped their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Trading Up 0.7%

PG traded up $1.21 during trading hours on Friday, reaching $164.01. 5,692,762 shares of the company's stock traded hands, compared to its average volume of 7,323,998. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $164.14 and a 200 day moving average price of $167.32. The firm has a market capitalization of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

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

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The stock was 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's 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 directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was 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 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.