Motco Buys 1,745 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Motco has increased its stake in Procter & Gamble by 21.5%, acquiring an additional 1,745 shares, bringing its total holdings to 9,850 shares valued at approximately $1.68 million.
• Institutional investors collectively own 65.77% of Procter & Gamble's stock, with notable increases in holdings from GAMMA Investing and Capital Research Global Investors in recent quarters.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, equating to an annual yield of 2.67%, with the next payment scheduled for August 15th.

Motco grew its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 21.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,850 shares of the company's stock after buying an additional 1,745 shares during the quarter. Motco's holdings in Procter & Gamble were worth $1,679,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Unique Wealth LLC boosted its position in Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the period. Stableford Capital II LLC boosted its holdings in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. boosted its position in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management boosted its position in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC lifted its position in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Finally, Evercore ISI restated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.71.

Procter & Gamble Trading Down 1.5%

Shares of NYSE:PG traded down $2.41 during midday trading on Wednesday, hitting $154.20. The company had a trading volume of 3,133,421 shares, compared to its average volume of 8,204,927. The stock has a market cap of $361.53 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 4.48 and a beta of 0.40. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $160.68 and a 200 day simple moving average of $164.19.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. On average, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 66.98%.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction that occurred on 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 approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

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.