K.J. Harrison & Partners Inc Invests $2.57 Million in Procter & Gamble Company (The) (NYSE:PG)

K.J. Harrison & Partners Inc bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 15,075 shares of the company's stock, valued at approximately $2,569,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. NewSquare Capital LLC boosted its holdings in shares of Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. boosted its holdings 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 acquiring an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.9%

PG opened at $160.00 on Friday. The firm has a market cap of $375.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.71 and a beta of 0.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a fifty day moving average price of $162.44 and a 200-day moving average price of $165.62.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm 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 32.67% and a net margin of 18.46%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PG. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a report on Thursday, May 1st. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $178.45.

Insider Activity at Procter & Gamble

In related news, 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 directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $161,380.00. Following the transaction, 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 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 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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