Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,901 shares of the company's stock after purchasing an additional 3,318 shares during the period. Procter & Gamble accounts for about 1.3% of Peregrine Asset Advisers Inc.'s portfolio, making the stock its 23rd biggest holding. Peregrine Asset Advisers Inc.'s holdings in Procter & Gamble were worth $3,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. 4WEALTH Advisors Inc. grew its stake in shares of Procter & Gamble by 10.3% in the 1st quarter. 4WEALTH Advisors Inc. now owns 3,513 shares of the company's stock valued at $599,000 after buying an additional 329 shares during the period. West Wealth Group LLC boosted its stake in shares of Procter & Gamble by 2.8% in the 1st quarter. West Wealth Group LLC now owns 3,602 shares of the company's stock worth $614,000 after buying an additional 98 shares during the last quarter. RD Lewis Holdings Inc. grew its holdings in Procter & Gamble by 5.2% during the first quarter. RD Lewis Holdings Inc. now owns 2,998 shares of the company's stock valued at $481,000 after purchasing an additional 148 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Procter & Gamble by 9.5% during the first quarter. Los Angeles Capital Management LLC now owns 205,264 shares of the company's stock valued at $34,981,000 after purchasing an additional 17,863 shares during the last quarter. Finally, Carmel Capital Partners LLC boosted its position in Procter & Gamble by 12.7% during the first quarter. Carmel Capital Partners LLC now owns 2,394 shares of the company's stock worth $408,000 after purchasing an additional 270 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 research analysts have recently commented on PG shares. Bank of America reduced their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Finally, Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.84.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The shares were 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 owned 25,182 shares in the company, 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 Securities & Exchange Commission, which is available through 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 shares were 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 owned 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 disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $3.27 during trading on Tuesday, hitting $158.30. 8,185,259 shares of the company's stock were exchanged, compared to its average volume of 7,653,364. 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 business has a 50-day simple moving average of $161.31 and a 200-day simple moving average of $164.41. Procter & Gamble Company has a 52-week low of $151.90 and a 52-week high of $180.43. The stock has a market capitalization of $371.13 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 4.41 and a beta of 0.40.

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, beating the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. On average, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current 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 issued 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 (DPR) is presently 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.