QRG Capital Management Inc. Boosts Stake in Procter & Gamble Company (The) (NYSE:PG)

QRG Capital Management Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 400,620 shares of the company's stock after acquiring an additional 11,231 shares during the quarter. Procter & Gamble makes up approximately 0.7% of QRG Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. QRG Capital Management Inc.'s holdings in Procter & Gamble were worth $68,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewSquare Capital LLC increased its position in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Navigoe LLC bought a new position in Procter & Gamble during the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter worth about $31,000. Hoey Investments Inc. grew its holdings in Procter & Gamble by 321.7% during 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 bought a new position in Procter & Gamble during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Truist Financial reduced their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America reduced their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. 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, June 3rd. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.86.

Procter & Gamble Price Performance

Shares of NYSE PG traded down $0.66 during midday trading on Thursday, reaching $157.86. The company's stock had a trading volume of 7,202,108 shares, compared to its average volume of 7,386,373. 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 fifty-two week low of $156.58 and a fifty-two week high of $180.43. The business's 50 day moving average price is $163.63 and its two-hundred day moving average price is $166.40. The company has a market cap of $370.11 billion, a P/E ratio of 25.06, a P/E/G ratio of 4.67 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.68%. Procter & Gamble's dividend payout ratio is presently 67.14%.

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.