Golden State Equity Partners Increases Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Golden State Equity Partners lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 33.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,913 shares of the company's stock after purchasing an additional 2,761 shares during the period. Golden State Equity Partners' holdings in Procter & Gamble were worth $1,860,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the period. Prasad Wealth Partners LLC purchased a new stake in Procter & Gamble in the fourth quarter worth about $207,000. Addison Advisors LLC lifted its holdings in Procter & Gamble by 10.8% in the fourth quarter. Addison Advisors LLC now owns 8,854 shares of the company's stock worth $1,484,000 after buying an additional 866 shares during the period. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in shares of Procter & Gamble by 4.7% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 34,853 shares of the company's stock valued at $5,843,000 after purchasing an additional 1,551 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.4%

PG stock opened at $160.41 on Wednesday. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The business has a fifty day moving average price of $163.03 and a 200-day moving average price of $165.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market capitalization of $376.08 billion, a P/E ratio of 25.46, a P/E/G ratio of 4.75 and a beta of 0.43.

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, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date 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 2.64%. Procter & Gamble's payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Raymond James Financial lowered their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Evercore ISI reissued an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Activity at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the company'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 sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 sale, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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.

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