Cullen Investment Group LTD. Has $4.75 Million Position in The Procter & Gamble Company (NYSE:PG)

Cullen Investment Group LTD. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,845 shares of the company's stock after selling 2,536 shares during the quarter. Cullen Investment Group LTD.'s holdings in Procter & Gamble were worth $4,745,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. NewSquare Capital LLC increased its position in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after purchasing an additional 140 shares during the period. Navigoe LLC bought a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter worth $31,000. Hoey Investments Inc. increased its position in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the fourth quarter worth $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

NYSE:PG traded down $3.39 during mid-day trading on Monday, hitting $166.50. 2,705,856 shares of the company's stock traded hands, compared to its average volume of 7,290,856. The company has a market cap of $390.37 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm's 50 day simple moving average is $164.35 and its 200 day simple moving average is $167.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.54%. 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. Procter & Gamble's dividend payout ratio is presently 66.98%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. Raymond James decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

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.