Procter & Gamble Company (The) (NYSE:PG) Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services LLC increased its stake in Procter & Gamble by 14.3%, acquiring an additional 3,954 shares during the first quarter, bringing its total holdings to 31,678 shares valued at approximately $5.4 million.
• Procter & Gamble reported a quarterly earnings per share (EPS) of $1.48, surpassing the consensus estimate of $1.42, with revenues of $20.89 billion for the quarter.
• The company recently announced a quarterly dividend of $1.0568, which is to be paid on August 15th, representing an annualized rate of $4.23 with a dividend yield of 2.8%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,678 shares of the company's stock after acquiring an additional 3,954 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Procter & Gamble were worth $5,398,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in 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 buying an additional 2,703,757 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Procter & Gamble by 13.6% in the 4th quarter. Invesco Ltd. now owns 11,265,453 shares of the company's stock worth $1,888,653,000 after acquiring an additional 1,345,501 shares during the period. Dimensional Fund Advisors LP increased its stake in Procter & Gamble by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after purchasing an additional 267,534 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 1.7%

Shares of PG stock opened at $150.30 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50. The firm has a market cap of $352.38 billion, a P/E ratio of 23.09, a PEG ratio of 4.27 and a beta of 0.40. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The firm's 50-day simple moving average is $160.13 and its 200-day simple moving average is $164.05.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. As a group, equities analysts forecast 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. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PG shares. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Citigroup dropped their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada raised shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Truist Financial cut their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $175.88.

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.

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