Legacy Advisors LLC Has $4.10 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Legacy Advisors LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,043 shares of the company’s stock after buying an additional 1,344 shares during the period. Legacy Advisors LLC’s holdings in Procter & Gamble were worth $4,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Cladis Investment Advisory LLC lifted its position in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock worth $806,000 after purchasing an additional 236 shares in the last quarter. FAS Wealth Partners Inc. lifted its position in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after buying an additional 549 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after buying an additional 2,179 shares during the period. Natural Investments LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at $2,121,000. Finally, Yoffe Investment Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth $1,874,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PG. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Evercore ISI reiterated an “outperform” rating and set a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. Bank of America reduced their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Redburn Atlantic downgraded shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Eight 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. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction 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 $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Procter & Gamble Trading Up 1.3%

Procter & Gamble stock opened at $161.11 on Tuesday. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The firm has a market capitalization of $377.73 billion, a PE ratio of 25.57, a PEG ratio of 4.69 and a beta of 0.43. The business’s 50-day simple moving average is $163.19 and its 200-day simple moving average is $165.91.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the business posted $1.52 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

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

Procter & Gamble Company 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.