SlateStone Wealth LLC Grows Stock Position in Procter & Gamble Company (The) (NYSE:PG)

SlateStone Wealth LLC grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,230 shares of the company’s stock after buying an additional 1,033 shares during the period. SlateStone Wealth LLC’s holdings in Procter & Gamble were worth $8,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PG. Navigoe LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares during the period. 10Elms LLP purchased a new position in Procter & Gamble during the fourth quarter worth about $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $34,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. UBS Group dropped their price target on Procter & Gamble from $186.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Bank of America lowered their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic lowered Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Finally, Evercore ISI restated an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.12.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock opened at $156.70 on Wednesday. The company’s fifty day simple moving average is $160.68 and its two-hundred day simple moving average is $164.19. Procter & Gamble Company has a 12-month low of $151.90 and a 12-month high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a market cap of $367.38 billion, a P/E ratio of 24.87, a PEG ratio of 4.48 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same quarter in the previous year, the company earned $1.40 earnings per share. Procter & Gamble’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 67.14%.

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.