Aprio Wealth Management LLC increased its stake in The Procter & Gamble Company (NYSE:PG – Get a rating) by 25.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,941 shares of the company after purchasing an additional 399 shares during the quarter. Aprio Wealth Management LLC’s holdings in Procter & Gamble were worth $297,000 when it last filed with the SEC.
Other institutional investors also bought and sold shares of the company. Northcape Wealth Management LLC increased its stake in Procter & Gamble to 95.2% in the first quarter. Northcape Wealth Management LLC now owns 24,189 shares of the company worth $3,696,000 after purchasing an additional 11,800 shares last quarter. First Affirmative Financial Network increased its stake in Procter & Gamble by 6.0% in the first quarter. First Affirmative Financial Network now owns 1,934 shares of the company worth $296,000 after buying 109 additional shares in the last quarter. NorthCrest Asset Management LLC increased its stake in Procter & Gamble by 624.7% in the first quarter. NorthCrest Asset Management LLC now owns 131,952 shares of the company worth $20,163,000 after purchasing an additional 113,745 shares in the last quarter. Capital Market Strategies LLC increased its position in Procter & Gamble shares by 31.7% during the first quarter. Capital Market Strategies LLC now owns 2,998 shares of the company worth $458,000 after acquiring 722 additional shares in the last quarter. Finally, North Star Asset Management Inc. increased its position in Procter & Gamble shares by 1.4% during the fourth quarter. North Star Asset Management Inc. now owns 18,819 shares of the company worth $3,078,000 after acquiring 258 additional shares in the last quarter. 63.64% of the shares are currently held by institutional investors.
In other news, the President David S. Taylor sold 30,000 shares of Procter & Gamble in a trade dated Monday, April 25. The stock was sold at an average price of $162.83, for a total value of $4,884,900.00. Following completion of the transaction, the President now directly owns 253,933 shares of the company, valued at approximately $41,347,910.39. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble in a trade dated Tuesday, April 26. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the completion of the transaction, the chief accounting officer now directly owns 1,220 shares of the company, valued at $198,164.60. Disclosure of this sale can be found here. Insiders sold a total of 108,415 shares of the company worth $17,777,055 in the past ninety days. Insiders of the company hold 0.51% of the shares of the company.
PG has been the subject of a number of recent research reports. Jefferies Financial Group raised its target price on Procter & Gamble from $179.00 to $185.00 in a Thursday, April 21 research report. Wells Fargo & Company cut its price target on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a Wednesday, June 1 research note. StockNews.com raised Procter & Gamble from a “hold” to a “buy” rating in a Wednesday, May 18 research note. Evercore ISI set a price target of $170.00 on Procter & Gamble in a Monday, June 20 research report. Finally, JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $181.00 to $165.00 in a report research on Wednesday, March 30. Five research analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.64.
Procter & Gamble Stocks opened at $143.79 on Friday. The stock’s fifty-day moving average price is $147.61 and its two-hundred-day moving average price is $153.99. The Procter & Gamble Company has a one-year low of $129.50 and a one-year high of $165.35. The company has a debt ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market capitalization of $344.99 billion, a PE ratio of 25.09, a growth price-earnings ratio of 4.08 and a beta of 0.40.
Procter & Gamble (NYSE:PG – Get a rating) last released its quarterly earnings data on Wednesday, April 20. The company reported EPS of $1.33 for the quarter, beating analyst consensus estimates of $1.28 by $0.05. The company posted revenue of $19.38 billion for the quarter, versus analyst estimates of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company’s revenue increased 7.0% year over year. In the same quarter last year, the company achieved EPS of $1.26. Sell-side analysts expect The Procter & Gamble Company to post earnings per share of 5.84 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16. Investors of record on Friday, April 22 received a dividend of $0.9133 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date was Thursday, April 21. This represents an annualized dividend of $3.65 and a dividend yield of 2.54%. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
Profile of Procter & Gamble (Get a rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, Asia-Pacific, Greater China, India, the Middle East and from Africa. It operates in five segments: Beauty; Grooming; Health care; Fabric and home care; and baby, woman and family care.
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