Parkwood LLC Buys New Shares in The Procter & Gamble Company (NYSE:PG)

Parkwood LLC purchased a new position in The Procter & Gamble Company (NYSE:PG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,468 shares of the company's stock, valued at approximately $5,779,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC grew its stake in Procter & Gamble by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 11,063 shares of the company's stock worth $1,855,000 after buying an additional 139 shares during the period. Abound Wealth Management boosted its position in Procter & Gamble by 113.7% during the 4th quarter. Abound Wealth Management now owns 4,197 shares of the company's stock worth $704,000 after purchasing an additional 2,233 shares during the period. Elevated Capital Advisors LLC boosted its position in Procter & Gamble by 46.0% during the 4th quarter. Elevated Capital Advisors LLC now owns 7,070 shares of the company's stock worth $1,185,000 after purchasing an additional 2,228 shares during the period. Sunflower Bank N.A. increased its holdings in Procter & Gamble by 0.4% in the 4th quarter. Sunflower Bank N.A. now owns 109,594 shares of the company's stock valued at $18,373,000 after purchasing an additional 389 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Procter & Gamble by 80.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 119,940 shares of the company's stock valued at $20,108,000 after purchasing an additional 53,607 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PG shares. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Raymond James lowered their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.52.

Insider Transactions at Procter & Gamble

In other Procter & Gamble 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 value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction dated 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 now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,520 shares of company stock worth $10,999,268. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 1.4%

Shares of Procter & Gamble stock opened at $158.67 on Wednesday. The business has a 50-day moving average price of $165.33 and a 200 day moving average price of $167.43. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm has a market cap of $372.01 billion, a P/E ratio of 25.27, a P/E/G ratio of 3.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last issued 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 business had revenue of $19.78 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Monday, April 21st. Procter & Gamble's dividend payout ratio is 66.98%.

About Procter & Gamble

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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