The Procter & Gamble Company (NYSE:PG) Stake Increased by Redwood Investment Management LLC

Redwood Investment Management LLC grew its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 50.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,626 shares of the company's stock after purchasing an additional 1,561 shares during the period. Redwood Investment Management LLC's holdings in Procter & Gamble were worth $775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rockbridge Capital Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $289,000. ProShare Advisors LLC raised its holdings in Procter & Gamble by 9.5% during the fourth quarter. ProShare Advisors LLC now owns 1,597,983 shares of the company's stock valued at $267,902,000 after buying an additional 138,863 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in Procter & Gamble by 192.1% during the fourth quarter. Quadcap Wealth Management LLC now owns 17,589 shares of the company's stock valued at $2,949,000 after buying an additional 11,568 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Procter & Gamble by 17.7% during the fourth quarter. Quantinno Capital Management LP now owns 269,662 shares of the company's stock valued at $45,209,000 after buying an additional 40,583 shares in the last quarter. Finally, Parkwood LLC bought a new position in Procter & Gamble during the fourth quarter valued at about $5,779,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on PG shares. JPMorgan Chase & Co. cut 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. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. UBS Group restated a "buy" rating on shares of Procter & Gamble in a report on Monday, February 10th. Stifel Nicolaus raised their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price on Procter & Gamble from $176.00 to $180.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Eight investment 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.52.

Procter & Gamble Trading Up 0.5%

Shares of PG opened at $163.28 on Friday. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $382.82 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.76 and a beta of 0.41. The stock's 50-day moving average price is $164.50 and its 200 day moving average price is $167.29.

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 (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio is currently 66.98%.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction that occurred 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 now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,520 shares of company stock worth $10,999,268. Company insiders own 0.18% of the company's stock.

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.

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