Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 40.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,718 shares of the company's stock after purchasing an additional 1,649 shares during the quarter. Norris Perne & French LLP MI's holdings in Procter & Gamble were worth $974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Silver Oak Securities Incorporated grew its position in shares of Procter & Gamble by 0.9% in the first quarter. Silver Oak Securities Incorporated now owns 22,053 shares of the company's stock valued at $3,706,000 after purchasing an additional 199 shares during the period. United Advisor Group LLC raised its position in shares of Procter & Gamble by 22.8% during the 1st quarter. United Advisor Group LLC now owns 21,142 shares of the company's stock worth $3,603,000 after purchasing an additional 3,925 shares during the last quarter. ORG Wealth Partners LLC lifted its stake in Procter & Gamble by 28.3% in the 1st quarter. ORG Wealth Partners LLC now owns 3,600 shares of the company's stock valued at $615,000 after buying an additional 794 shares in the last quarter. Well Done LLC boosted its holdings in Procter & Gamble by 1.8% in the 1st quarter. Well Done LLC now owns 13,858 shares of the company's stock worth $2,323,000 after buying an additional 251 shares during the last quarter. Finally, Sterling Investment Counsel LLC raised its holdings in shares of Procter & Gamble by 133.7% during the first quarter. Sterling Investment Counsel LLC now owns 3,982 shares of the company's stock valued at $679,000 after acquiring an additional 2,278 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PG shares. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Raymond James Financial lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Citigroup lowered their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble Trading Down 0.4%

Shares of Procter & Gamble stock opened at $157.86 on Friday. The stock has a 50 day moving average of $163.51 and a 200 day moving average of $166.25. 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 firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 4.66 and a beta of 0.43. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS 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 analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 67.14%.

Insider Buying and Selling

In related 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 value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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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