NorthCrest Asset Manangement LLC Has $27.87 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

NorthCrest Asset Manangement LLC grew its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,536 shares of the company’s stock after purchasing an additional 909 shares during the quarter. Procter & Gamble comprises approximately 0.8% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 27th largest position. NorthCrest Asset Manangement LLC’s holdings in Procter & Gamble were worth $27,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the 4th quarter worth approximately $31,000. Hoey Investments Inc. raised its holdings in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $34,000. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Buying and Selling

In other Procter & Gamble 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 sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Price Performance

PG opened at $163.10 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $382.39 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 0.43. The firm’s fifty day moving average price is $163.70 and its two-hundred day moving average price is $166.95. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43.

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

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is 66.98%.

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.