Trail Ridge Investment Advisors LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 36.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,468 shares of the company's stock after selling 2,541 shares during the period. Trail Ridge Investment Advisors LLC's holdings in Procter & Gamble were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Cladis Investment Advisory LLC boosted its stake in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after buying an additional 236 shares during the period. FAS Wealth Partners Inc. boosted its stake in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after buying an additional 4,562 shares during the period. World Investment Advisors boosted its stake in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after buying an additional 2,886 shares during the period. Finally, Yoffe Investment Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $1,874,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Analysts Set New Price Targets
PG has been the subject of several recent research reports. Raymond James Financial decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. 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. Finally, Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $177.45.
Check Out Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Price Performance
NYSE PG traded down $0.96 during mid-day trading on Tuesday, hitting $152.81. The stock had a trading volume of 3,126,714 shares, compared to its average volume of 7,606,534. Procter & Gamble Company has a 52-week low of $151.92 and a 52-week high of $180.43. The company has a market cap of $358.26 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 4.47 and a beta of 0.40. The company has a 50 day simple moving average of $161.67 and a 200 day simple moving average of $164.77. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.
Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period last year, the business posted $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's payout ratio is 66.98%.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, 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 transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
About Procter & Gamble
(
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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