Coastwise Capital Group LLC Purchases 72 Shares of Procter & Gamble Company (The) (NYSE:PG)

Coastwise Capital Group LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the 1st quarter, HoldingsChannel reports. The fund owned 5,343 shares of the company’s stock after acquiring an additional 72 shares during the period. Coastwise Capital Group LLC’s holdings in Procter & Gamble were worth $910,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Procter & Gamble during the 4th quarter worth approximately $1,211,000. ZEGA Investments LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $769,000. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Procter & Gamble by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 223,205 shares of the company’s stock valued at $37,420,000 after acquiring an additional 70,557 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PG shares. Barclays boosted their target price on shares of Procter & Gamble from $160.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Bank of America dropped their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.84.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $155.08 on Friday. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company’s fifty day moving average is $161.31 and its two-hundred day moving average is $164.42. The firm has a market capitalization of $363.59 billion, a P/E ratio of 24.62, a PEG ratio of 4.41 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s payout ratio is 67.14%.

Procter & Gamble Company Profile

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.