Capital One Financial Corp cut its stake in shares of The Procter & Gamble Company (NYSE:PG – Get Rating) by 51.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,300 shares of the company’s stock after selling 2,477 shares during the period. Capital One Financial Corp’s holdings in Procter & Gamble were worth $351,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of PG. Western Pacific Wealth Management LP purchased a new stake in Procter & Gamble during the 4th quarter valued at $40,000. Delos Wealth Advisors LLC bought a new position in Procter & Gamble during the 4th quarter valued at about $50,000. Level Financial Advisors Inc. purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $51,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $53,000. Finally, James Reed Financial Services Inc. purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $53,000. 63.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on PG shares. Credit Suisse Group boosted their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. JPMorgan Chase & Co. downgraded Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $165.00 in a report on Wednesday, March 30th. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $165.00 to $175.00 in a research note on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $171.00 to $157.00 in a report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on shares of Procter & Gamble from $179.00 to $173.00 in a report on Tuesday, March 29th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.64.
In related news, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 253,933 shares of the company’s stock, valued at $41,777,057.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 18,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $164.10, for a total value of $2,953,800.00. Following the completion of the sale, the chief executive officer now directly owns 7,020 shares in the company, valued at approximately $1,151,982. The disclosure for this sale can be found here. Insiders sold 108,415 shares of company stock worth $17,777,055 in the last three months. Insiders own 0.51% of the company’s stock.
Shares of Procter & Gamble stock opened at $144.35 on Friday. The Procter & Gamble Company has a fifty-two week low of $129.50 and a fifty-two week high of $165.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market capitalization of $346.34 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.92 and a beta of 0.40. The company has a fifty day moving average of $149.07 and a 200 day moving average of $154.32.
Procter & Gamble (NYSE:PG – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping 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 return on equity of 32.39% and a net margin of 18.33%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Analysts forecast that The Procter & Gamble Company will post 5.84 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.53%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.70%.
Procter & Gamble Company 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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