NorthRock Partners LLC Increases Position in Procter & Gamble Company (The) (NYSE:PG)

NorthRock Partners LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,102 shares of the company’s stock after purchasing an additional 911 shares during the period. NorthRock Partners LLC’s holdings in Procter & Gamble were worth $8,368,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Hoey Investments Inc. boosted its holdings in 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 last quarter. 10Elms LLP bought a new stake in Procter & Gamble in the 4th quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $156.70 on Wednesday. The stock has a 50-day moving average price of $160.68 and a 200 day moving average price of $164.19. The stock has a market capitalization of $367.38 billion, a P/E ratio of 24.87, a P/E/G ratio of 4.48 and a beta of 0.40. Procter & Gamble Company has a 12-month low of $151.90 and a 12-month high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company 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 dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s payout ratio is presently 66.98%.

Insiders Place Their Bets

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction 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 sale, the insider owned 25,182 shares of the company’s stock, valued at $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Bank of America cut their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Raymond James Financial cut their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Evercore ISI reissued an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.12.

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.