Signet Investment Advisory Group Inc. Grows Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Signet Investment Advisory Group Inc. grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,109 shares of the company’s stock after purchasing an additional 1,705 shares during the quarter. Procter & Gamble comprises approximately 2.1% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 17th largest holding. Signet Investment Advisory Group Inc.’s holdings in Procter & Gamble were worth $4,109,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cladis Investment Advisory LLC raised its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after buying an additional 236 shares during the period. FAS Wealth Partners Inc. boosted its holdings in Procter & Gamble by 2.0% in the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after purchasing an additional 549 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock valued at $6,426,000 after purchasing an additional 4,562 shares during the period. World Investment Advisors grew its stake in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Finally, Yoffe Investment Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth $1,874,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $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 Stock Down 0.3%

Shares of PG opened at $155.08 on Friday. The firm has a market cap of $363.59 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 4.41 and a beta of 0.40. The company’s fifty day moving average is $161.31 and its two-hundred day moving average is $164.42. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two 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.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 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 down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.52 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.73%. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Morgan Stanley set a $180.00 target price on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $176.84.

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.