5,299 Shares in The Procter & Gamble Company (NYSE:PG) Acquired by Sweeney & Michel LLC

Sweeney & Michel LLC bought a new stake in The Procter & Gamble Company (NYSE:PG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,299 shares of the company’s stock, valued at approximately $839,000.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC boosted its position in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Procter & Gamble during the 4th quarter worth about $50,049,000. Southern Capital Advisors LLC boosted its holdings in Procter & Gamble by 0.3% during the 4th quarter. Southern Capital Advisors LLC now owns 22,395 shares of the company’s stock valued at $3,755,000 after acquiring an additional 72 shares during the period. New Wave Wealth Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $46,000. Finally, Turtle Creek Wealth Advisors LLC increased its stake in Procter & Gamble by 5.6% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 35,095 shares of the company’s stock worth $5,884,000 after purchasing an additional 1,861 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PG shares. Royal Bank of Canada raised 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 note on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Raymond James lowered their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $178.52.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $169.92 on Monday. The firm’s 50 day moving average is $164.35 and its two-hundred day moving average is $167.40. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $398.38 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. Research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change 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 2.49%. Procter & Gamble’s dividend payout ratio (DPR) is 66.98%.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

About Procter & Gamble

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.