Davis R M Inc. Increases Stake in The Procter & Gamble Company (NYSE:PG)

Davis R M Inc. boosted its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 2.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 155,611 shares of the company’s stock after buying an additional 4,365 shares during the period. Davis R M Inc.’s holdings in Procter & Gamble were worth $23,777,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northcape Wealth Management LLC raised its stake in shares of Procter & Gamble by 95.2% during the first quarter. Northcape Wealth Management LLC now owns 24,189 shares of the company’s stock valued at $3,696,000 after purchasing an additional 11,800 shares during the period. First Affirmative Financial Network grew its position in shares of Procter & Gamble by 6.0% during the 1st quarter. First Affirmative Financial Network now owns 1,934 shares of the company’s stock valued at $296,000 after buying an additional 109 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Procter & Gamble by 624.7% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 131,952 shares of the company’s stock valued at $20,163,000 after buying an additional 113,745 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Procter & Gamble by 3.8% during the 1st quarter. Calamos Wealth Management LLC now owns 20,240 shares of the company’s stock valued at $3,093,000 after buying an additional 733 shares during the last quarter. Finally, Nvest Financial LLC bought a new stake in shares of Procter & Gamble during the 1st quarter valued at about $432,000. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the completion of the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. UBS Group lowered their price objective on shares of Procter & Gamble to $153.00 in a research report on Friday, July 22nd. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $179.00 to $185.00 in a research report on Thursday, April 21st. StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $171.00 to $157.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, Truist Financial decreased their price objective on shares of Procter & Gamble from $175.00 to $160.00 and set a “buy” rating for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.53.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $142.90 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.45 and a current ratio of 0.65. The firm’s 50-day simple moving average is $143.13 and its 200-day simple moving average is $151.36. The firm has a market cap of $342.86 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 4.31 and a beta of 0.36. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35.

Procter & Gamble (NYSE:PGGet Rating) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts expect that The Procter & Gamble Company will post 5.94 EPS for the current fiscal year.

Procter & Gamble Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 22nd will be paid a dividend of $0.913 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, July 21st. Procter & Gamble’s dividend payout ratio (DPR) is 62.82%.

About Procter & Gamble

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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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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