Dakota Wealth Management Has $13.34 Million Position in Procter & Gamble Company (The) (NYSE:PG)

Dakota Wealth Management lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 24.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,284 shares of the company's stock after selling 25,626 shares during the period. Dakota Wealth Management's holdings in Procter & Gamble were worth $13,341,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter worth about $5,244,463,000. GAMMA Investing LLC grew its stake in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after buying an additional 7,913,335 shares during the last quarter. Capital Research Global Investors grew its stake in Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after buying an additional 2,846,560 shares during the last quarter. Northern Trust Corp grew its stake 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Procter & Gamble by 15.8% during the fourth 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 buying an additional 2,224,912 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.6%

Shares of NYSE PG traded up $0.86 during midday trading on Thursday, reaching $154.59. 3,104,291 shares of the stock were exchanged, compared to its average volume of 7,627,723. The business has a 50-day simple moving average of $161.43 and a two-hundred day simple moving average of $164.61. The company has a market capitalization of $362.44 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 4.35 and a beta of 0.40. Procter & Gamble Company has a 12 month low of $151.90 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping 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%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.73%. Procter & Gamble's dividend payout ratio is currently 67.14%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction 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 directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America lowered their price target 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. Barclays raised their price target on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Citigroup lowered their price target 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. Finally, UBS Group lowered their price target on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $176.80.

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.