Oppenheimer & Co. Inc. Lowers Position in Procter & Gamble Company (The) (NYSE:PG)

Oppenheimer & Co. Inc. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,535 shares of the company's stock after selling 3,396 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Procter & Gamble were worth $24,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Oppenheimer Asset Management Inc. raised its holdings in Procter & Gamble by 4.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 64,082 shares of the company's stock worth $10,921,000 after purchasing an additional 2,922 shares during the last quarter. Team Financial Group LLC lifted its holdings in Procter & Gamble by 3.9% in the first quarter. Team Financial Group LLC now owns 1,795 shares of the company's stock valued at $306,000 after buying an additional 68 shares during the period. Vantage Point Financial LLC boosted its position in Procter & Gamble by 31.3% during the first quarter. Vantage Point Financial LLC now owns 6,063 shares of the company's stock valued at $1,033,000 after acquiring an additional 1,444 shares during the last quarter. Continuum Advisory LLC grew its holdings in Procter & Gamble by 9.1% during the 1st quarter. Continuum Advisory LLC now owns 9,109 shares of the company's stock worth $1,552,000 after acquiring an additional 763 shares during the period. Finally, Consolidated Planning Corp raised its position in shares of Procter & Gamble by 11.0% in the 1st quarter. Consolidated Planning Corp now owns 35,760 shares of the company's stock worth $6,094,000 after acquiring an additional 3,535 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company'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 transaction of $1,669,208.40. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction that occurred on 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 owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $1.37 during midday trading on Friday, hitting $160.00. 19,158,103 shares of the company's stock were exchanged, compared to its average volume of 7,431,066. 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 business's fifty day moving average price is $162.65 and its two-hundred day moving average price is $165.74. The company has a market cap of $375.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.69 and a beta of 0.43. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts forecast that 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. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.64%. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Evercore ISI reiterated an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note 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. Finally, Redburn Atlantic cut shares of 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. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus 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.