The Procter & Gamble Company (NYSE:PG) Stake Raised by Legacy Trust

Legacy Trust grew its position in The Procter & Gamble Company (NYSE:PG) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,817 shares of the company’s stock after purchasing an additional 106 shares during the period. Legacy Trust’s holdings in Procter & Gamble were worth $821,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $50,049,000. MontVue Capital Management Inc. acquired a new position in Procter & Gamble in the fourth quarter valued at about $228,000. Van ECK Associates Corp lifted its holdings in shares of Procter & Gamble by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 466,497 shares of the company’s stock valued at $78,208,000 after purchasing an additional 44,163 shares in the last quarter. Finally, Three Bridge Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 18.7% during the 4th quarter. Three Bridge Wealth Advisors LLC now owns 2,624 shares of the company’s stock valued at $440,000 after purchasing an additional 413 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock opened at $163.10 on Friday. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $163.70 and a 200 day moving average price of $166.95. The stock has a market cap of $382.39 billion, a PE ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 0.43.

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, 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 firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.59%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. Citigroup reduced their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Activity

In related 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 transaction of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% 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.

Procter & Gamble Company 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.