Schulhoff & Co. Inc. Has $27.70 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Schulhoff & Co. Inc. reduced its Procter & Gamble holdings by 26.9% in Q1, owning 162,544 shares worth approximately $27.70 million, which constitutes about 12.3% of its investment portfolio.
• Procter & Gamble reported Q1 earnings of $1.54 per share, slightly beating estimates, but with revenue of $19.78 billion falling short of expectations of $20.42 billion.
• The company declared a quarterly dividend of $1.0568 per share, yielding 2.67%, to be paid on August 15th to investors recorded by July 18th.

Schulhoff & Co. Inc. trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 26.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 162,544 shares of the company's stock after selling 59,919 shares during the period. Procter & Gamble makes up about 12.3% of Schulhoff & Co. Inc.'s investment portfolio, making the stock its biggest position. Schulhoff & Co. Inc.'s holdings in Procter & Gamble were worth $27,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Richards Merrill & Peterson Inc. lifted its holdings in Procter & Gamble by 1.2% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 9,036 shares of the company's stock valued at $1,540,000 after purchasing an additional 107 shares during the last quarter. Wealthstream Advisors Inc. lifted its holdings in Procter & Gamble by 5.3% during the 1st quarter. Wealthstream Advisors Inc. now owns 1,729 shares of the company's stock valued at $295,000 after purchasing an additional 87 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Procter & Gamble by 15.2% during the 1st quarter. Metis Global Partners LLC now owns 133,190 shares of the company's stock valued at $22,698,000 after purchasing an additional 17,581 shares during the last quarter. First National Advisers LLC lifted its holdings in Procter & Gamble by 7.9% during the 1st quarter. First National Advisers LLC now owns 15,399 shares of the company's stock valued at $2,624,000 after purchasing an additional 1,133 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in Procter & Gamble by 125.9% during the 1st quarter. TCW Group Inc. now owns 299,593 shares of the company's stock valued at $51,057,000 after purchasing an additional 166,968 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.3%

Shares of NYSE PG opened at $158.28 on Friday. The stock has a market cap of $371.10 billion, a P/E ratio of 25.12, a P/E/G ratio of 4.51 and a beta of 0.40. The firm has a 50 day moving average price of $161.02 and a 200 day moving average price of $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. Procter & Gamble Company has a 52-week low of $151.90 and a 52-week high of $180.43.

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 analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during 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 revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was 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 insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on PG shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday. Piper Sandler raised their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, UBS Group lowered their price objective on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.12.

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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