Parcion Private Wealth LLC Buys 2,494 Shares of Procter & Gamble Company (The) (NYSE:PG)

Parcion Private Wealth LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,757 shares of the company's stock after buying an additional 2,494 shares during the quarter. Parcion Private Wealth LLC's holdings in Procter & Gamble were worth $8,991,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after buying an additional 1,592,061 shares in the last quarter. Geode Capital Management LLC increased its holdings in Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after acquiring an additional 1,267,419 shares during the period. Norges Bank purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $5,244,463,000. Northern Trust Corp boosted its holdings in Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Procter & Gamble by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock valued at $3,386,194,000 after purchasing an additional 1,209,275 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred 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 transaction, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Barclays upped their target price on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group cut their target price on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Procter & Gamble Trading Up 1.3%

Shares of PG stock traded up $1.93 during trading hours on Thursday, reaching $155.66. The company's stock had a trading volume of 4,942,292 shares, compared to its average volume of 7,637,448. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The stock has a market capitalization of $364.94 billion, a P/E ratio of 24.70, a P/E/G ratio of 4.35 and a beta of 0.40. The firm's fifty day simple moving average is $161.43 and its 200 day simple moving average is $164.61.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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 given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 67.14%.

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.