Intellectus Partners LLC Purchases 516 Shares of The Procter & Gamble Company (NYSE:PG)

Intellectus Partners LLC boosted its position in The Procter & Gamble Company (NYSE:PG) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,746 shares of the company’s stock after buying an additional 516 shares during the period. Intellectus Partners LLC’s holdings in Procter & Gamble were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avity Investment Management Inc. raised its stake in Procter & Gamble by 1,347.7% in the 1st quarter. Avity Investment Management Inc. now owns 177,325 shares of the company’s stock worth $30,220,000 after purchasing an additional 165,076 shares in the last quarter. Hudson Capital Management LLC increased its holdings in shares of Procter & Gamble by 3.1% during the first quarter. Hudson Capital Management LLC now owns 27,530 shares of the company’s stock worth $4,692,000 after purchasing an additional 818 shares during the period. Atwater Malick LLC raised its position in shares of Procter & Gamble by 2.5% in the first quarter. Atwater Malick LLC now owns 64,290 shares of the company’s stock valued at $10,956,000 after buying an additional 1,553 shares in the last quarter. Curat Global LLC bought a new stake in shares of Procter & Gamble in the first quarter valued at approximately $837,000. Finally, Generali Investments Management Co LLC grew its position in Procter & Gamble by 9.7% during the first quarter. Generali Investments Management Co LLC now owns 22,947 shares of the company’s stock worth $3,911,000 after buying an additional 2,022 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Up 0.7%

NYSE PG opened at $164.01 on Friday. The company has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $164.01 and its 200 day moving average is $167.27.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio is 66.98%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PG. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Evercore ISI reiterated an “outperform” rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday. Raymond James dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble 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.