Liberty One Investment Management LLC Increases Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Liberty One Investment Management LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,028 shares of the company's stock after buying an additional 2,771 shares during the quarter. Procter & Gamble makes up about 3.1% of Liberty One Investment Management LLC's investment portfolio, making the stock its 9th biggest holding. Liberty One Investment Management LLC's holdings in Procter & Gamble were worth $30,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the 4th quarter worth approximately $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the 4th quarter valued at $34,000. Finally, 10Elms LLP bought a new position in Procter & Gamble during the 4th quarter valued at $34,000. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling 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 on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on PG. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Eight equities research 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 data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded down $0.53 during trading on Wednesday, reaching $157.36. The company's stock had a trading volume of 18,769,238 shares, compared to its average volume of 7,578,583. 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's fifty day moving average price is $161.98 and its 200-day moving average price is $165.15. The firm has a market cap of $368.94 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 4.49 and a beta of 0.40. Procter & Gamble Company has a one year low of $155.98 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for 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 company'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 earnings per share. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed 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 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is 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.