NBC Securities Inc. raised its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 101,122.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,721 shares of the company's stock after buying an additional 59,662 shares during the quarter. Procter & Gamble comprises about 0.9% of NBC Securities Inc.'s portfolio, making the stock its 9th biggest holding. NBC Securities Inc.'s holdings in Procter & Gamble were worth $10,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of PG. Enterprise Bank & Trust Co grew its position in shares of Procter & Gamble by 0.7% during the first quarter. Enterprise Bank & Trust Co now owns 11,040 shares of the company's stock worth $1,881,000 after buying an additional 75 shares in the last quarter. Worth Asset Management LLC purchased a new stake in shares of Procter & Gamble during the first quarter worth approximately $233,000. Fiduciary Alliance LLC raised its stake in shares of Procter & Gamble by 5.9% during the first quarter. Fiduciary Alliance LLC now owns 13,606 shares of the company's stock worth $2,319,000 after purchasing an additional 761 shares during the last quarter. Moller Wealth Partners raised its stake in shares of Procter & Gamble by 5.7% during the first quarter. Moller Wealth Partners now owns 8,372 shares of the company's stock worth $1,427,000 after purchasing an additional 455 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC raised its stake in shares of Procter & Gamble by 1.4% during the first quarter. Baker Tilly Wealth Management LLC now owns 8,407 shares of the company's stock worth $1,433,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Insider Buying and Selling
In related news, 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 transaction of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now directly 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 disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Citigroup reduced their price objective on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Raymond James dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Eight equities 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 stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $178.86.
Get Our Latest Analysis on Procter & Gamble
Procter & Gamble Stock Down 1.3%
NYSE:PG traded down $2.24 during trading hours on Thursday, hitting $163.71. 3,721,515 shares of the company's stock traded hands, compared to its average volume of 7,292,499. The firm has a market cap of $383.82 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month 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 stock's fifty day moving average price is $164.30 and its two-hundred day moving average price is $167.37.
Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Increases Dividend
The firm 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 represents a $4.23 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, April 21st. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 66.98%.
Procter & Gamble Profile
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Free Report)
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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