Y Intercept Hong Kong Ltd Takes Position in Procter & Gamble Company (The) (NYSE:PG)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,982 shares of the company’s stock, valued at approximately $3,576,000.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $31,000. Hoey Investments Inc. increased its holdings 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 last quarter. 10Elms LLP purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

PG stock traded up $1.80 during trading on Tuesday, hitting $156.83. 1,942,750 shares of the company’s stock traded hands, compared to its average volume of 7,629,263. The business has a fifty day simple moving average of $161.31 and a 200 day simple moving average of $164.41. The stock has a market capitalization of $367.68 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 4.41 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. Procter & Gamble Company has a 52 week low of $151.90 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The company 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 18.46% and a return on equity of 32.67%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 completion of the sale, the insider owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PG. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. UBS Group reduced their target price on shares of Procter & Gamble from $186.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.84.

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.