Continuum Advisory LLC Grows Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Continuum Advisory LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 9.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,109 shares of the company’s stock after acquiring an additional 763 shares during the period. Continuum Advisory LLC’s holdings in Procter & Gamble were worth $1,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Norges Bank purchased a new stake in Procter & Gamble in the 4th quarter worth approximately $5,244,463,000. GAMMA Investing LLC boosted its holdings in shares of Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock valued at $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 shares of Procter & Gamble in the 4th quarter valued at $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Procter & Gamble by 1,195.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock valued at $580,596,000 after purchasing an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Procter & Gamble by 62.5% in the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company’s stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG stock opened at $161.11 on Tuesday. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The firm has a market capitalization of $377.73 billion, a P/E ratio of 25.57, a P/E/G ratio of 4.69 and a beta of 0.43. The company’s fifty day moving average price is $163.19 and its two-hundred day moving average price is $165.91.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.62%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 67.14%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated 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 now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% 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 a number of research analyst reports. Raymond James Financial decreased their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Finally, Barclays restated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $178.86.

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.