Homestead Advisers Corp Buys 49,500 Shares of Procter & Gamble Company (The) (NYSE:PG)

Homestead Advisers Corp boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 20.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,800 shares of the company's stock after purchasing an additional 49,500 shares during the quarter. Homestead Advisers Corp's holdings in Procter & Gamble were worth $49,558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navigoe LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. 10Elms LLP acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC bought a new position in Procter & Gamble in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred 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 directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PG shares. Evercore ISI reissued 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. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. UBS Group dropped their price objective on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. Nine investment 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, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $176.12.

Procter & Gamble Price Performance

NYSE:PG traded down $1.19 during trading hours on Friday, reaching $157.62. The company had a trading volume of 2,779,213 shares, compared to its average volume of 8,199,338. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $161.12 and a two-hundred day moving average of $164.24. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The firm has a market capitalization of $369.54 billion, a PE ratio of 25.02, a PEG ratio of 4.51 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.68%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

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.