TFR Capital LLC. Increases Stake in Procter & Gamble Company (The) (NYSE:PG)

TFR Capital LLC. lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 70.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,913 shares of the company's stock after acquiring an additional 2,035 shares during the period. TFR Capital LLC.'s holdings in Procter & Gamble were worth $837,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in Procter & Gamble by 3.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 30,267 shares of the company's stock valued at $5,158,000 after buying an additional 1,018 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of Procter & Gamble by 5.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 1,874 shares of the company's stock worth $319,000 after purchasing an additional 90 shares in the last quarter. TruNorth Capital Management LLC increased its holdings in shares of Procter & Gamble by 333.9% in the 1st quarter. TruNorth Capital Management LLC now owns 2,343 shares of the company's stock worth $399,000 after purchasing an additional 1,803 shares in the last quarter. Prism Advisors Inc. increased its holdings in shares of Procter & Gamble by 7.1% in the 1st quarter. Prism Advisors Inc. now owns 1,295 shares of the company's stock worth $221,000 after purchasing an additional 86 shares in the last quarter. Finally, Platform Technology Partners increased its holdings in shares of Procter & Gamble by 10.2% in the 1st quarter. Platform Technology Partners now owns 16,825 shares of the company's stock worth $2,867,000 after purchasing an additional 1,561 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PG shares. Barclays increased their price target on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Evercore ISI reiterated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Finally, 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 research report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $177.25.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated 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 owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.7%

Shares of NYSE:PG traded up $1.00 during midday trading on Wednesday, hitting $153.68. The stock had a trading volume of 8,468,903 shares, compared to its average volume of 7,645,309. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The business's 50-day simple moving average is $161.54 and its 200-day simple moving average is $164.68. The company has a market cap of $360.31 billion, a P/E ratio of 24.39, a PEG ratio of 4.35 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates 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%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, July 18th. Procter & Gamble's payout ratio is currently 67.14%.

Procter & Gamble 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.