Cullen Investment Group LTD. Has $4.75 Million Position in The Procter & Gamble Company (NYSE:PG)

Cullen Investment Group LTD. lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,845 shares of the company’s stock after selling 2,536 shares during the period. Cullen Investment Group LTD.’s holdings in Procter & Gamble were worth $4,745,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its stake in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Navigoe LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Procter & Gamble during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PG shares. Bank of America cut their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Raymond James cut their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the company an “overweight” rating in a report on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a report on Monday, February 10th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.52.

Insider Activity

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. This trade represents a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,520 shares of company stock worth $7,909,388. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $167.33 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market capitalization of $392.31 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 3.76 and a beta of 0.41. The company’s fifty day moving average is $164.15 and its two-hundred day moving average is $167.35. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same period last year, the business posted $1.52 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s payout ratio is 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.