CVA Family Office LLC Grows Stock Holdings in The Procter & Gamble Company (NYSE:PG)

CVA Family Office LLC boosted its holdings in The Procter & Gamble Company (NYSE:PGFree Report) by 5.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,570 shares of the company’s stock after buying an additional 519 shares during the period. CVA Family Office LLC’s holdings in Procter & Gamble were worth $1,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Advantage Trust Co bought a new position in shares of Procter & Gamble during the fourth quarter worth $28,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at about $29,000. Wyrmwood Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $33,000. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders sold 154,544 shares of company stock worth $25,413,051 over the last three months. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PG. Deutsche Bank Aktiengesellschaft reduced their price objective on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Barclays boosted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group increased their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group began coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 target price on the stock. Finally, StockNews.com lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Read Our Latest Report on PG

Procter & Gamble Stock Up 0.4 %

NYSE:PG opened at $168.26 on Friday. The company has a market cap of $397.12 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.97. The stock has a fifty day simple moving average of $164.59 and a 200-day simple moving average of $158.09. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a dividend of $1.0065 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.85%.

Procter & Gamble Company Profile

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

Further Reading

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

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