TCW Group Inc. Buys 166,968 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• TCW Group Inc. increased its stake in Procter & Gamble by 125.9% in Q1, acquiring an additional 166,968 shares to reach a total value of approximately $51.06 million.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.67%.
• Wall Street analysts have mixed ratings for Procter & Gamble, with ten analysts rating it a "buy" and nine rating it a "hold," leading to a consensus target price of $176.12.

TCW Group Inc. grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 125.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,593 shares of the company's stock after acquiring an additional 166,968 shares during the quarter. TCW Group Inc.'s holdings in Procter & Gamble were worth $51,057,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares in the last quarter. 10Elms LLP purchased a new stake in Procter & Gamble in the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated 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 owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $1.70 during midday trading on Thursday, reaching $151.18. 6,220,871 shares of the company were exchanged, compared to its average volume of 8,225,136. The stock's 50-day moving average price is $160.43 and its 200-day moving average price is $164.11. The stock has a market cap of $354.45 billion, a P/E ratio of 23.22, a PEG ratio of 4.47 and a beta of 0.40. Procter & Gamble Company has a one year low of $150.16 and a one year high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.48.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 67.14%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday. Barclays set a $164.00 target price on Procter & Gamble in a research note on Thursday. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler increased their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $175.88.

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.