Piscataqua Savings Bank increased its position in shares of The Procter & Gamble Company (NYSE: PG – GET Rating) by 285.4% in the first quarter, HoldingsChannel.com reports. The company held 22,199 shares of the company’s stock after purchasing an additional 16,439 shares during the period. Procter & Gamble Piscataqua Savings accounts for about 2.4% of the bank’s portfolio, making the stock its ninth-largest holding. Piscataqua Savings Bank’s interest in Procter & Gamble was $3,392,000 at the end of the last reporting period.
Several other hedge funds have recently changed their positions in PG. Rothschild Investment Corp. IL increased its stake in Procter & Gamble stock by 0.8% in the first quarter. After acquiring an additional 197 shares in the previous quarter, Rothschild Investment Corp. IL now owns 24,523 shares of the company, valued at $3,747,000. PDS Planning Inc. increased its stake in Procter & Gamble stock by 2.3% in the first quarter. After acquiring an additional 555 shares last quarter, PDS Planning Inc. now owns 24,786 shares of the Company’s stock valued at $3,787,000. Annex Advisory Services LLC increased its stake in Procter & Gamble stock by 31.5% during the first quarter. Following the purchase of an additional 3,393 shares in the prior quarter, Annex Advisory Services LLC now holds 14,164 shares of the Company for $2,164,000. Cerro Pacific Wealth Advisors LLC increased its stake in Procter & Gamble stock by 3.3% during the first quarter. After acquiring an additional 202 shares last quarter, Cerro Pacific Wealth Advisors LLC now holds 6,287 shares of the company for $961,000. Finally, IFM Investors Private Limited increased its position in Procter & Gamble shares to 20.2% in the first quarter. Having purchased an additional 65,318 shares in the previous quarter, IFM Investors Pty Ltd now holds 388,470 shares of the Company, valued at $59,358,000. 63.64% of the shares are currently held by hedge funds and other institutional investors.
Several research analysts have recently issued reports on PG stocks. Truist Financial upgraded Procter & Gamble to a buy rating from a ‘hold’ rating and raised its price target for the company to 175.00 from $165.00 in a research report on Tuesday, March 22 $. Wells Fargo & Co. lowered its target price on Procter & Gamble to $170.00 from $180.00 in a research report on Wednesday, June 1, and gave the stock an “overweight” rating. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Jefferies Financial Group raised its target price on Procter & Gamble to $185.00 from $179.00 in a research report on Thursday, April 21. Finally, Credit Suisse Group raised its price target on Procter & Gamble to $150.00 from $140.00 and rated the company “neutral” in a research report on Thursday, April 21. Five analysts from Equity Research have given a hold rating and ten have given a buy rating to the company’s stock. According to Marketbeat.com, the company has an average rating of “moderate buy” and an average price target of $165.64.
In other news, CAO Matthew W. Janzaruk sold 334 shares of the stock in a transaction scheduled for Tuesday, April 26th. The stock sold at an average price of $162.43 for a total transaction of $54,251.62. Following the transaction, the Chief Accounting Officer now directly owns 1,220 shares of the Company, valued at approximately $198,164.60. The sale was disclosed in a filing with the Securities and Exchange Commission, available through the SEC’s website. In addition, Chairman David S. Taylor sold 60,000 shares in a transaction on Thursday, April 21. The shares sold at an average price of $164.52 for a total value of $9,871,200.00. Following the transaction, the Chairman now owns 253,933 shares of the Company, valued at $41,777,057.16. The disclosure of this sale can be found here. Insiders sold a total of 108,415 shares of the company’s stock valued at $17,777,055 over the past 90 days. Company insiders own 0.51% of the company’s shares.
NYSE PG shares opened at $140.92 on Wednesday. The company has a market cap of $338.11 billion, a P/E of 24.59, a P/E of 4.08, and a beta of 0.40. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt to equity ratio of 0.53. The stock’s 50-day simple moving average is $148.42 and the two-hundred-day simple moving average is $154.17. The Procter & Gamble 12-month low is $129.50 and the 12-month high is $165.35.
Procter & Gamble (NYSE:PG – GET Rating) last announced its earnings results on Wednesday, April 20th. The company reported earnings per share of $1.33 for the quarter, up $0.05 significantly from analyst consensus estimates of $1.28. Business revenue for the quarter was $19.38 billion 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 company’s quarterly revenue increased 7.0% compared to the same quarter last year. In the same period last year, the company earned $1.26 per share. As a group, research analysts expect the Procter & Gamble Company to post 5.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. A dividend of $0.9133 was paid to shareholders of record on Friday, April 22. That’s a positive change from Procter & Gamble’s dividend of $0.87 last quarter. That equates to a dividend of $3.65 and a yield of 2.59% year over year. The ex-dividend date of this dividend was Thursday April 21st. Procter & Gamble’s payout ratio currently sits at 63.70%.
About Procter & Gamble (received rating)
The Procter & Gamble Company provides branded consumer goods to consumers in North and Latin America, Europe, Asia Pacific, Greater China, India, the Middle East and Africa. It works in five areas: beauty; dress up health care; Textile and household care; and child, women and family care.
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