Wiley BROS. Aintree Capital LLC lifted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 159.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,225 shares of the company’s stock after acquiring an additional 8,125 shares during the period. Procter & Gamble accounts for approximately 1.5% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Wiley BROS. Aintree Capital LLC’s holdings in Procter & Gamble were worth $2,021,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new stake in Procter & Gamble during the 4th quarter worth about $40,000. Delos Wealth Advisors LLC acquired a new stake in Procter & Gamble during the 4th quarter worth about $50,000. Level Financial Advisors Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth about $51,000. LFA Lugano Financial Advisors SA acquired a new stake in Procter & Gamble during the 4th quarter worth about $53,000. Finally, James Reed Financial Services Inc. acquired a new stake in Procter & Gamble during the 4th quarter worth about $53,000. 63.64% of the stock is currently owned by institutional investors.
In other news, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the sale, the chairman now owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David S. Taylor sold 30,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $162.83, for a total transaction of $4,884,900.00. Following the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $41,347,910.39. The disclosure for this sale can be found here. Insiders sold a total of 108,415 shares of company stock worth $17,777,055 over the last three months. Corporate insiders own 0.51% of the company’s stock.
Procter & Gamble (NYSE:PG – Get Rating) last released its earnings results on Wednesday, April 20th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The business had revenue of $19.38 billion for the quarter, compared to analyst estimates of $18.69 billion. During the same period last year, the company posted $1.26 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Friday, April 22nd were paid a $0.9133 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is 63.70%.
PG has been the topic of a number of analyst reports. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $165.00 to $175.00 in a research report on Tuesday, March 22nd. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Wells Fargo & Company dropped their target price on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. Evercore ISI set a $170.00 target price on Procter & Gamble in a research report on Monday. Finally, Credit Suisse Group raised their target price on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.80.
Procter & Gamble Company Profile (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
- Get a free copy of the StockNews.com research report on Procter & Gamble (PG)
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