Illinois Municipal Retirement Fund Increases Position in Procter & Gamble Company (The) (NYSE:PG)

Illinois Municipal Retirement Fund raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,428 shares of the company's stock after purchasing an additional 12,905 shares during the period. Procter & Gamble accounts for 0.7% of Illinois Municipal Retirement Fund's portfolio, making the stock its 15th largest position. Illinois Municipal Retirement Fund's holdings in Procter & Gamble were worth $45,405,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares in the last quarter. NewEdge Wealth LLC grew its holdings in Procter & Gamble by 9.8% during the 4th quarter. NewEdge Wealth LLC now owns 71,843 shares of the company's stock valued at $12,044,000 after purchasing an additional 6,432 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at $147,000. Finally, Cable Hill Partners LLC grew its holdings in Procter & Gamble by 516.2% during the 4th quarter. Cable Hill Partners LLC now owns 12,602 shares of the company's stock valued at $2,113,000 after purchasing an additional 10,557 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PG shares. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Evercore ISI reissued an "outperform" rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Stock Performance

PG stock opened at $158.73 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock has a market cap of $372.14 billion, a P/E ratio of 25.19, a P/E/G ratio of 4.69 and a beta of 0.43. The firm has a 50 day simple moving average of $162.65 and a 200 day simple moving average of $165.74. 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 quarterly earnings data 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 net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the previous year, the company earned $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share 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 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 67.14%.

Insider Buying and Selling at Procter & Gamble

In related news, 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 transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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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