Elyxium Wealth LLC grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,374 shares of the company's stock after purchasing an additional 4,820 shares during the period. Procter & Gamble comprises about 1.3% of Elyxium Wealth LLC's portfolio, making the stock its 19th largest position. Elyxium Wealth LLC's holdings in Procter & Gamble were worth $2,961,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in PG. Vanguard Group Inc. increased its position in shares of Procter & Gamble by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock valued at $38,524,976,000 after buying an additional 1,592,061 shares during the period. Geode Capital Management LLC grew its holdings in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company's stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares in the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $5,244,463,000. Northern Trust Corp grew its holdings in shares of Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company's stock worth $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.
Procter & Gamble Trading Up 1.5%
Procter & Gamble stock traded up $2.25 during trading on Tuesday, hitting $157.28. The company's stock had a trading volume of 3,949,655 shares, compared to its average volume of 8,239,830. The stock has a market capitalization of $368.74 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 4.41 and a beta of 0.40. The stock's fifty day moving average is $161.31 and its 200 day moving average is $164.41. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 67.14%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Truist Financial cut their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Piper Sandler increased their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Bank of America dropped their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.84.
Check Out Our Latest Stock Report on Procter & Gamble
Insider Activity
In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company's 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 sale, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider owned 25,182 shares in the company, 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. 0.18% of the stock is owned by corporate insiders.
About Procter & Gamble
(
Free Report)
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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