Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Procter & Gamble by 25.9% in Q1, owning 65,925 shares valued at approximately $11.2 million.
• Procter & Gamble reported EPS of $1.48 for the last quarter, exceeding estimates and showing a 1.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, with an upcoming payment date of August 15th and a yield of 2.8%.

Alberta Investment Management Corp increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,925 shares of the company's stock after purchasing an additional 13,580 shares during the quarter. Alberta Investment Management Corp's holdings in Procter & Gamble were worth $11,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howland Capital Management LLC lifted its holdings in Procter & Gamble by 25.8% during the 1st quarter. Howland Capital Management LLC now owns 148,643 shares of the company's stock worth $25,332,000 after buying an additional 30,479 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in Procter & Gamble by 0.8% during the 1st quarter. Nicolet Advisory Services LLC now owns 131,332 shares of the company's stock worth $21,481,000 after buying an additional 1,029 shares during the last quarter. Momentous Wealth Management Inc. purchased a new stake in Procter & Gamble during the 1st quarter worth about $212,000. Elios Financial Group Inc. lifted its holdings in Procter & Gamble by 15.9% during the 1st quarter. Elios Financial Group Inc. now owns 3,293 shares of the company's stock worth $561,000 after buying an additional 451 shares during the last quarter. Finally, Pasadena Private Wealth LLC lifted its holdings in Procter & Gamble by 12.4% during the 1st quarter. Pasadena Private Wealth LLC now owns 6,031 shares of the company's stock worth $1,028,000 after buying an additional 665 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.1%

PG opened at $150.65 on Friday. The business has a 50 day moving average price of $159.83 and a two-hundred day moving average price of $163.99. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. The company has a market cap of $353.20 billion, a PE ratio of 23.14, a P/E/G ratio of 3.96 and a beta of 0.37. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the business earned $1.40 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio is presently 67.14%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, 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 transaction of $1,669,208.40. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PG. Raymond James Financial decreased their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday. Truist Financial reduced their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $175.88.

About Procter & Gamble

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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