Reliant Investment Management LLC Acquires 4,800 Shares of The Procter & Gamble Company (NYSE:PG)

Reliant Investment Management LLC increased its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 69.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,713 shares of the company's stock after purchasing an additional 4,800 shares during the period. Reliant Investment Management LLC's holdings in Procter & Gamble were worth $1,996,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC grew its stake in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. Navigoe LLC bought a new stake in Procter & Gamble during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. increased its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $164.01 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business's fifty day moving average price is $164.01 and its two-hundred day moving average price is $167.27. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The stock has a market capitalization of $384.53 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Piper Sandler increased their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Finally, Evercore ISI restated an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday. Eight equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated 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 sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently 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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