Procter & Gamble Company (The) (NYSE:PG) Stock Holdings Increased by Main Street Research LLC

Main Street Research LLC raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 397,082 shares of the company's stock after buying an additional 11,269 shares during the period. Procter & Gamble comprises 4.4% of Main Street Research LLC's investment portfolio, making the stock its 3rd biggest position. Main Street Research LLC's holdings in Procter & Gamble were worth $67,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PG. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. increased its stake in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.9%

PG traded down $1.40 during trading hours on Friday, reaching $157.09. The company's stock had a trading volume of 1,081,181 shares, compared to its average volume of 8,207,369. Procter & Gamble Company has a fifty-two week low of $155.95 and a fifty-two week high of $180.43. The stock has a market cap of $368.30 billion, a PE ratio of 24.93, a P/E/G ratio of 4.48 and a beta of 0.40. The business's 50-day moving average is $161.84 and its 200-day moving average is $165.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on 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 directly owned 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This trade 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 corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Raymond James Financial lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $178.45.

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.