Pinkerton Retirement Specialists LLC Raises Position in Procter & Gamble Company (The) (NYSE:PG)

Pinkerton Retirement Specialists LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 5.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,084 shares of the company’s stock after purchasing an additional 1,339 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Procter & Gamble were worth $4,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $5,244,463,000. GAMMA Investing LLC grew its stake in Procter & Gamble by 20,758.5% in the first 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 in the last quarter. Capital Research Global Investors grew its stake in Procter & Gamble by 62.5% in the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company’s stock worth $1,240,294,000 after purchasing an additional 2,846,560 shares in the last quarter. Northern Trust Corp grew its stake in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after purchasing an additional 2,224,912 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company’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 owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PG shares. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday. Redburn Atlantic cut 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. Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.45.

Procter & Gamble Price Performance

NYSE:PG opened at $153.80 on Tuesday. Procter & Gamble Company has a 12 month low of $152.86 and a 12 month high of $180.43. The stock has a 50 day moving average of $161.67 and a two-hundred day moving average of $164.77. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market cap of $360.59 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the business earned $1.52 EPS. Procter & Gamble’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 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.