Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its stake in Procter & Gamble (NYSE:PG) by 19.5% in the first quarter, now owning 37,535 shares worth approximately $6.41 million.
• Procter & Gamble's quarterly earnings showed an EPS of $1.54, slightly beating expectations, although revenue decreased 2.1% year-over-year.
• The company announced a quarterly dividend of $1.0568, translating to a 2.66% yield for shareholders.

Phoenix Financial Ltd. lifted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 19.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,535 shares of the company's stock after buying an additional 6,125 shares during the quarter. Phoenix Financial Ltd.'s holdings in Procter & Gamble were worth $6,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Procter & Gamble during the 4th quarter valued at $5,244,463,000. GAMMA Investing LLC boosted its position in shares of Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares in the last quarter. Capital Research Global Investors lifted its position in Procter & Gamble by 62.5% during the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after acquiring an additional 2,846,560 shares during the period. Northern Trust Corp lifted its position in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated 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 sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PG shares. Bank of America reduced 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. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Raymond James Financial cut their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Piper Sandler boosted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $176.12.

Procter & Gamble Stock Down 0.5%

Shares of Procter & Gamble stock traded down $0.82 during trading hours on Tuesday, reaching $156.29. 6,045,341 shares of the company were exchanged, compared to its average volume of 8,202,206. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43. The stock's fifty day moving average is $160.86 and its 200 day moving average is $164.24. 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 cap of $366.43 billion, a PE ratio of 24.78, a PEG ratio of 4.51 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.70%. Procter & Gamble's dividend payout ratio is presently 67.14%.

Procter & Gamble 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.