Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 9.1% in the 1st quarter, Holdings Channel reports. The firm owned 2,237 shares of the company’s stock after selling 224 shares during the period. Leigh Baldwin & CO. LLC’s holdings in Procter & Gamble were worth $381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Navigoe LLC purchased a new position in Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its position in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PG shares. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Finally, Evercore ISI reiterated an “in-line” rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.88.

Procter & Gamble Trading Down 1.0%

Shares of PG opened at $153.83 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a market capitalization of $360.32 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 4.10 and a beta of 0.37. The stock has a fifty day moving average of $157.38 and a two-hundred day moving average of $163.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is 64.98%.

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.