The Procter & Gamble Company (NYSE:PG) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its position in The Procter & Gamble Company (NYSE:PG) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,463 shares of the company’s stock after selling 237 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Procter & Gamble were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Procter & Gamble during the fourth quarter worth approximately $5,244,463,000. GAMMA Investing LLC grew its position in Procter & Gamble by 20,758.5% during the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Procter & Gamble by 1,195.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock valued at $580,596,000 after buying an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company’s stock worth $1,240,294,000 after buying an additional 2,846,560 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. Evercore ISI restated an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Raymond James dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Stock Performance

NYSE PG opened at $162.55 on Tuesday. The business has a 50 day moving average price of $163.86 and a 200 day moving average price of $167.11. The company has a market capitalization of $381.10 billion, a P/E ratio of 25.88, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business 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 for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. Sell-side analysts expect 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. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.60%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 66.98%.

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.