Hoxton Planning & Management LLC Invests $436,000 in Procter & Gamble Company (The) (NYSE:PG)

Key Points

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Hoxton Planning & Management LLC acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,560 shares of the company's stock, valued at approximately $436,000.

Several other large investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter worth about $31,000. 10Elms LLP bought a new position in Procter & Gamble during the 4th quarter worth about $34,000. Sunbeam Capital Management LLC bought a new position in Procter & Gamble during the 4th quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Raymond James Financial decreased their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $175.71.

Procter & Gamble Trading Down 2.5%

NYSE:PG opened at $152.73 on Thursday. The stock has a market cap of $358.08 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 4.47 and a beta of 0.40. The company's 50 day moving average price is $160.43 and its 200-day moving average price is $164.11. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.77%. Procter & Gamble's payout ratio is 67.14%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on 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 transaction, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is owned by 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.

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