Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 88.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,069 shares of the company's stock after buying an additional 30,974 shares during the quarter. Procter & Gamble makes up approximately 1.7% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 11th biggest position. Turtle Creek Wealth Advisors LLC's holdings in Procter & Gamble were worth $11,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after buying an additional 284,174 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Procter & Gamble by 50.4% in the fourth quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock valued at $1,737,000 after buying an additional 3,472 shares during the last quarter. one8zero8 LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $2,382,000. Finally, Hutchinson Capital Management CA raised its stake in shares of Procter & Gamble by 0.8% during the fourth quarter. Hutchinson Capital Management CA now owns 10,403 shares of the company's stock worth $1,744,000 after purchasing an additional 82 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated 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 owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 0.7%

NYSE PG traded down $1.15 during trading hours on Tuesday, hitting $152.61. 9,130,138 shares of the company's stock were exchanged, compared to its average volume of 7,636,913. The business's 50 day moving average is $161.67 and its 200-day moving average is $164.77. Procter & Gamble Company has a 12-month low of $151.92 and a 12-month high of $180.43. The firm has a market capitalization of $357.80 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.40. 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 (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The company 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 32.67% and a net margin of 18.46%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.77%. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James Financial cut their price target on 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. cut their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays upped their price objective on Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday. Truist Financial dropped their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $177.25.

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.