Los Angeles Capital Management LLC Grows Stake in Procter & Gamble Company (The) (NYSE:PG)

Los Angeles Capital Management LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,264 shares of the company's stock after buying an additional 17,863 shares during the quarter. Los Angeles Capital Management LLC's holdings in Procter & Gamble were worth $34,981,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PG. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Procter & Gamble by 15.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,231 shares of the company's stock valued at $877,000 after purchasing an additional 700 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Procter & Gamble by 17.7% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 6,272 shares of the company's stock valued at $1,052,000 after purchasing an additional 942 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new position in Procter & Gamble in the 4th quarter valued at about $343,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 25,182 shares in the company, 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. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 completion of the sale, the chief executive officer owned 51,965 shares of the company's stock, valued at approximately $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 owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $176.84.

Procter & Gamble Stock Performance

Shares of NYSE PG traded up $3.27 during trading hours on Tuesday, reaching $158.30. 8,185,259 shares of the stock were exchanged, compared to its average volume of 7,653,363. The firm has a market capitalization of $371.13 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 4.41 and a beta of 0.40. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43. 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's fifty day simple moving average is $161.31 and its 200 day simple moving average is $164.41.

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

Procter & Gamble Announces Dividend

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 given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

About Procter & Gamble

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.