Park Place Capital Corp Reduces Holdings in Procter & Gamble Company (The) (NYSE:PG)

Park Place Capital Corp lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,065 shares of the company's stock after selling 2,262 shares during the quarter. Park Place Capital Corp's holdings in Procter & Gamble were worth $352,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Diversified Trust Co boosted its position in shares of Procter & Gamble by 0.5% during the 1st quarter. Diversified Trust Co now owns 142,415 shares of the company's stock worth $24,270,000 after purchasing an additional 690 shares during the period. Beacon Financial Advisory LLC lifted its stake in Procter & Gamble by 8.5% during the first quarter. Beacon Financial Advisory LLC now owns 3,101 shares of the company's stock worth $528,000 after purchasing an additional 242 shares in the last quarter. Hidden Cove Wealth Management LLC boosted its position in shares of Procter & Gamble by 10.2% during the first quarter. Hidden Cove Wealth Management LLC now owns 2,013 shares of the company's stock worth $343,000 after buying an additional 187 shares during the period. Board of the Pension Protection Fund grew its stake in shares of Procter & Gamble by 82.8% in the first quarter. Board of the Pension Protection Fund now owns 5,300 shares of the company's stock valued at $903,000 after buying an additional 2,400 shares in the last quarter. Finally, Falcon Wealth Planning raised its holdings in shares of Procter & Gamble by 13.0% in the 1st quarter. Falcon Wealth Planning now owns 3,126 shares of the company's stock valued at $533,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. 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. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Evercore ISI reiterated an "outperform" rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Finally, Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Stock Performance

NYSE PG opened at $158.73 on Friday. The company has a fifty day moving average of $162.65 and a two-hundred day moving average of $165.74. The company has a market capitalization of $372.14 billion, a PE ratio of 25.19, a P/E/G ratio of 4.69 and a beta of 0.43. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. 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 posted its earnings results 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 business had revenue of $19.78 billion during 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 business's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.66%. Procter & Gamble's dividend payout ratio is 67.14%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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.

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