Crestwood Advisors Group LLC Has $24.59 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Crestwood Advisors Group LLC cut its holdings in The Procter & Gamble Company (NYSE:PGGet Rating) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,923 shares of the company’s stock after selling 2,451 shares during the period. Crestwood Advisors Group LLC’s holdings in Procter & Gamble were worth $24,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brick & Kyle Associates boosted its holdings in Procter & Gamble by 0.4% in the third quarter. Brick & Kyle Associates now owns 14,884 shares of the company’s stock valued at $2,098,000 after acquiring an additional 63 shares during the last quarter. Poplar Forest Capital LLC boosted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company’s stock valued at $4,173,000 after acquiring an additional 64 shares during the last quarter. Ambassador Advisors LLC boosted its holdings in Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company’s stock valued at $496,000 after acquiring an additional 65 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Kovack Advisors Inc. now owns 19,098 shares of the company’s stock valued at $3,124,000 after acquiring an additional 66 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 2.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company’s stock worth $452,000 after buying an additional 66 shares in the last quarter. Institutional investors own 63.64% of the company’s stock.

In other news, Chairman David S. Taylor sold 60,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was 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’s stock, valued at $41,777,057.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 7,020 shares of the company’s stock, 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 ninety days. Corporate insiders own 0.51% of the company’s stock.

PG stock opened at $138.50 on Thursday. The Procter & Gamble Company has a 1-year low of $129.50 and a 1-year high of $165.35. The business has a fifty day moving average price of $149.68 and a 200-day moving average price of $154.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $332.30 billion, a P/E ratio of 24.17, a P/E/G ratio of 3.74 and a beta of 0.40.

Procter & Gamble (NYSE:PGGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The company had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $18.69 billion. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. Procter & Gamble’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. As a group, analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share 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 paid a $0.9133 dividend. The ex-dividend date was Thursday, April 21st. This represents a $3.65 annualized dividend and a dividend yield of 2.64%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.

A number of equities analysts have issued reports on the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $165.00 to $175.00 in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $171.00 to $157.00 in a research report on Tuesday. Barclays cut their price target on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Credit Suisse Group raised their target price on Procter & Gamble from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Finally, Raymond James raised their target price on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.80.

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.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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