Roberts Foundation Has $39.45 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Roberts Foundation lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,472 shares of the company’s stock after acquiring an additional 1,410 shares during the quarter. Procter & Gamble accounts for 25.4% of Roberts Foundation’s portfolio, making the stock its 2nd largest holding. Roberts Foundation’s holdings in Procter & Gamble were worth $39,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at about $31,000. Hoey Investments Inc. increased its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble in the fourth quarter worth about $34,000. Finally, 10Elms LLP bought a new position in Procter & Gamble during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.7%

PG opened at $157.85 on Wednesday. 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 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $161.98 and its 200 day simple moving average is $165.15. The stock has a market cap of $370.09 billion, a PE ratio of 25.06, a P/E/G ratio of 4.57 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.68%. Procter & Gamble’s payout ratio is 67.14%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. Piper Sandler boosted their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Evercore ISI reissued an “outperform” rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. Finally, Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $178.45.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm’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 directly owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’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 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. Company insiders own 0.18% of the company’s stock.

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.