Dynamic Advisor Solutions LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,489 shares of the company’s stock after buying an additional 1,188 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Procter & Gamble were worth $3,589,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. North Star Asset Management Inc. lifted its position in shares of Procter & Gamble by 1.4% during the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock worth $3,078,000 after buying an additional 258 shares in the last quarter. Eagle Rock Investment Company LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $394,000. Liberty One Investment Management LLC lifted its position in shares of Procter & Gamble by 2.9% during the 4th quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after buying an additional 3,754 shares in the last quarter. Adviser Investments LLC lifted its position in shares of Procter & Gamble by 3.1% during the 4th quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock worth $9,840,000 after buying an additional 1,793 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Procter & Gamble by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock worth $13,590,000 after purchasing an additional 6,550 shares during the period. 63.64% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the sale, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the sale, the chairman now directly owns 253,933 shares of the company’s stock, valued at $41,777,057.16. The disclosure for this sale can be found here. Insiders have sold a total of 108,415 shares of company stock valued at $17,777,055 over the last ninety days. 0.51% of the stock is currently owned by insiders.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $19.38 billion during the quarter, compared to analyst estimates of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. On average, analysts expect that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were given a dividend of $0.9133 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s payout ratio is 63.70%.
A number of research firms recently commented on PG. Barclays lowered their price target on shares of Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. The Goldman Sachs Group lowered their price target on shares of Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. Evercore ISI set a $170.00 price target on shares of Procter & Gamble in a report on Monday. JPMorgan Chase & Co. cut shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $181.00 to $165.00 in a report on Wednesday, March 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.80.
Procter & Gamble Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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