Tsfg LLC Acquires 197 Shares of Procter & Gamble Company (The) (NYSE:PG)

by · The Cerbat Gem

Tsfg LLC boosted its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,559 shares of the company’s stock after purchasing an additional 197 shares during the period. Tsfg LLC’s holdings in Procter & Gamble were worth $777,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at about $147,000. Verus Capital Partners LLC raised its stake in shares of Procter & Gamble by 4.4% during the fourth quarter. Verus Capital Partners LLC now owns 8,202 shares of the company’s stock valued at $1,375,000 after acquiring an additional 343 shares during the last quarter. Finally, Shoker Investment Counsel Inc. raised its stake in shares of Procter & Gamble by 22.8% during the fourth quarter. Shoker Investment Counsel Inc. now owns 107,186 shares of the company’s stock valued at $17,970,000 after acquiring an additional 19,873 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’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 transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.9%

NYSE:PG opened at $160.00 on Friday. The company’s 50 day moving average price is $162.44 and its 200-day moving average price is $165.66. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a market cap of $375.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 4.68 and a beta of 0.43.

Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a dividend of $1.0568 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. Procter & Gamble’s dividend payout ratio is presently 67.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Evercore ISI reissued an “outperform” rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.45.

View Our Latest Stock Report on PG

About Procter & Gamble

(Free Report)

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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