Ramsay Stattman Vela & Price Inc. boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,008 shares of the company's stock after purchasing an additional 5,814 shares during the period. Procter & Gamble comprises approximately 2.6% of Ramsay Stattman Vela & Price Inc.'s portfolio, making the stock its 13th largest position. Ramsay Stattman Vela & Price Inc.'s holdings in Procter & Gamble were worth $13,465,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PG. Joseph Group Capital Management lifted its position in shares of Procter & Gamble by 11.5% during the 1st quarter. Joseph Group Capital Management now owns 29,095 shares of the company's stock valued at $4,958,000 after acquiring an additional 2,994 shares during the period. Cerity Partners LLC increased its holdings in shares of Procter & Gamble by 1.0% during the 1st quarter. Cerity Partners LLC now owns 6,501,095 shares of the company's stock worth $1,107,917,000 after buying an additional 61,977 shares during the last quarter. Phillips Financial Management LLC increased its position in shares of Procter & Gamble by 10.8% in the first quarter. Phillips Financial Management LLC now owns 1,667 shares of the company's stock worth $284,000 after acquiring an additional 162 shares in the last quarter. DMC Group LLC lifted its stake in shares of Procter & Gamble by 11.8% during the first quarter. DMC Group LLC now owns 7,136 shares of the company's stock worth $1,216,000 after purchasing an additional 751 shares in the last quarter. Finally, Vision Capital Management Inc. grew its position in Procter & Gamble by 89.4% in the first quarter. Vision Capital Management Inc. now owns 2,819 shares of the company's stock valued at $480,000 after acquiring an additional 1,331 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on PG. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Raymond James Financial decreased their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup dropped their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an "overweight" rating in a research note on Friday, April 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. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $178.45.
Get Our Latest Analysis on Procter & Gamble
Procter & Gamble Trading Down 1.0%
Procter & Gamble stock traded down $1.54 during trading hours on Friday, reaching $156.95. 8,051,886 shares of the company's stock traded hands, compared to its average volume of 7,596,124. Procter & Gamble Company has a fifty-two week low of $155.95 and a fifty-two week high of $180.43. The firm's 50 day moving average is $161.84 and its 200-day moving average is $165.03. 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 $367.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 4.51 and a beta of 0.40.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the firm earned $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble's dividend payout ratio is 67.14%.
Insiders Place Their Bets
In related news, CEO Jennifer L. Davis sold 1,000 shares of the business'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 transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's 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 directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
About Procter & Gamble
(
Free Report)
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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