Y Intercept Hong Kong Ltd Buys Shares of 20,982 Procter & Gamble Company (The) (NYSE:PG)

Y Intercept Hong Kong Ltd acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,982 shares of the company's stock, valued at approximately $3,576,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Riverpoint Wealth Management Holdings LLC lifted its stake in Procter & Gamble by 3.5% in the first quarter. Riverpoint Wealth Management Holdings LLC now owns 2,051 shares of the company's stock worth $349,000 after acquiring an additional 69 shares during the last quarter. Hartford Funds Management Co LLC lifted its stake in Procter & Gamble by 39.2% in the first quarter. Hartford Funds Management Co LLC now owns 7,637 shares of the company's stock worth $1,301,000 after acquiring an additional 2,149 shares during the last quarter. PFG Advisors lifted its stake in Procter & Gamble by 42.0% in the first quarter. PFG Advisors now owns 79,006 shares of the company's stock worth $13,464,000 after acquiring an additional 23,380 shares during the last quarter. Ignite Planners LLC lifted its stake in Procter & Gamble by 7.7% in the first quarter. Ignite Planners LLC now owns 13,372 shares of the company's stock worth $2,139,000 after acquiring an additional 954 shares during the last quarter. Finally, Fagan Associates Inc. lifted its stake in Procter & Gamble by 2.9% in the first quarter. Fagan Associates Inc. now owns 2,596 shares of the company's stock worth $442,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business'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 completion of the sale, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $1.41 on Friday, reaching $157.40. 2,494,426 shares of the company were exchanged, compared to its average volume of 8,196,915. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43. The firm has a market cap of $369.04 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 4.51 and a beta of 0.40. The company has a 50-day moving average of $161.12 and a 200-day moving average of $164.24.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping 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 business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the prior year, the company posted $1.52 EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share 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. Stockholders of record on Friday, July 18th will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble's dividend payout ratio (DPR) is presently 67.14%.

Analyst Ratings Changes

Several analysts have recently weighed in on PG shares. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $164.00 to $177.00 in a research report on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Citigroup reduced their price objective on shares of 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, Raymond James Financial cut their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.12.

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.