Stonegate Investment Group LLC Grows Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Stonegate Investment Group LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,263 shares of the company's stock after purchasing an additional 1,826 shares during the quarter. Procter & Gamble accounts for approximately 1.6% of Stonegate Investment Group LLC's investment portfolio, making the stock its 25th largest holding. Stonegate Investment Group LLC's holdings in Procter & Gamble were worth $60,714,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $50,049,000. Bank Pictet & Cie Europe AG boosted its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Mattern Capital Management LLC grew its holdings in Procter & Gamble by 2.9% during the fourth quarter. Mattern Capital Management LLC now owns 53,434 shares of the company's stock worth $8,958,000 after acquiring an additional 1,519 shares during the period. Finally, One Day In July LLC raised its position in Procter & Gamble by 8.3% during the fourth quarter. One Day In July LLC now owns 2,334 shares of the company's stock valued at $391,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.91 during trading on Friday, reaching $158.93. The stock had a trading volume of 16,056,110 shares, compared to its average volume of 7,387,955. 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 1-year low of $156.58 and a 1-year high of $180.43. The stock has a market cap of $372.62 billion, a PE ratio of 25.23, a PEG ratio of 4.69 and a beta of 0.43. The business has a fifty day moving average price of $163.35 and a 200-day moving average price of $166.07.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The firm's quarterly revenue was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. Procter & Gamble's payout ratio is presently 67.14%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction 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 now owns 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on PG shares. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered 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 note on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

Procter & Gamble 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.