Lesa Sroufe & Co Invests $608,000 in The Procter & Gamble Company (NYSE:PG)

Lesa Sroufe & Co bought a new position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,570 shares of the company's stock, valued at approximately $608,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Cardinal Capital Management lifted its holdings in Procter & Gamble by 1.8% in the first quarter. Cardinal Capital Management now owns 55,552 shares of the company's stock valued at $9,467,000 after acquiring an additional 977 shares during the last quarter. Chicago Capital LLC lifted its holdings in Procter & Gamble by 7.8% in the first quarter. Chicago Capital LLC now owns 38,577 shares of the company's stock valued at $6,574,000 after acquiring an additional 2,793 shares during the last quarter. Summit Wealth Group LLC lifted its holdings in Procter & Gamble by 11.2% in the first quarter. Summit Wealth Group LLC now owns 7,437 shares of the company's stock valued at $1,267,000 after acquiring an additional 752 shares during the last quarter. Consilium Wealth Advisory LLC lifted its holdings in Procter & Gamble by 3.2% in the first quarter. Consilium Wealth Advisory LLC now owns 3,096 shares of the company's stock valued at $528,000 after acquiring an additional 96 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Procter & Gamble by 3.5% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 23,829 shares of the company's stock valued at $4,061,000 after acquiring an additional 811 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 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 company insiders.

Procter & Gamble Stock Up 0.3%

Procter & Gamble stock opened at $160.79 on Tuesday. The firm has a market cap of $376.99 billion, a PE ratio of 25.60, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm's 50 day moving average price is $163.81 and its two-hundred day moving average price is $166.51. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. On average, research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. Procter & Gamble's dividend payout ratio is 66.98%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Redburn Atlantic cut 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. Raymond James decreased their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Bank of America decreased their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average target price of $178.86.

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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