St. Clair Advisors LLC Makes New Investment in The Procter & Gamble Company (NYSE:PG)

St. Clair Advisors LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,401 shares of the company's stock, valued at approximately $3,923,000. Procter & Gamble comprises about 1.1% of St. Clair Advisors LLC's investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also added to or reduced their stakes in PG. Regent Peak Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock valued at $1,855,000 after acquiring an additional 139 shares during the last quarter. Avanza Fonder AB bought a new position in Procter & Gamble in the fourth quarter worth about $41,870,000. Boston Common Asset Management LLC raised its stake in Procter & Gamble by 0.4% in the fourth quarter. Boston Common Asset Management LLC now owns 130,825 shares of the company's stock worth $21,933,000 after buying an additional 508 shares in the last quarter. Chemistry Wealth Management LLC raised its stake in Procter & Gamble by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 6,115 shares of the company's stock worth $1,025,000 after buying an additional 278 shares in the last quarter. Finally, Brand Asset Management Group Inc. raised its stake in Procter & Gamble by 4.0% in the fourth quarter. Brand Asset Management Group Inc. now owns 4,271 shares of the company's stock worth $716,000 after buying an additional 163 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Citigroup decreased their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, DA Davidson restated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.52.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction 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 transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the transaction, the chief executive officer now owns 22,051 shares in the company, valued at $3,829,817.68. This represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,520 shares of company stock worth $10,999,268 over the last quarter. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Up 0.5%

NYSE:PG opened at $163.28 on Monday. The company's 50 day moving average price is $164.50 and its 200-day moving average price is $167.31. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $382.82 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.76 and a beta of 0.41.

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

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.59%. Procter & Gamble's dividend payout ratio is 66.98%.

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.

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