Chicago Capital LLC Purchases 2,793 Shares of The Procter & Gamble Company (NYSE:PG)

Chicago Capital LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,577 shares of the company’s stock after purchasing an additional 2,793 shares during the quarter. Chicago Capital LLC’s holdings in Procter & Gamble were worth $6,574,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Unique Wealth LLC boosted its position in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after acquiring an additional 61 shares during the last quarter. Bernard Wealth Management Corp. raised its stake in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock worth $64,000 after purchasing an additional 63 shares during the period. Kolinsky Wealth Management LLC boosted its holdings in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company’s stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. Retirement Planning Group LLC grew its stake in shares of Procter & Gamble by 1.4% in the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company’s stock valued at $789,000 after buying an additional 64 shares during the period. Finally, First Citizens Financial Corp increased its holdings in shares of Procter & Gamble by 1.8% during the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company’s stock worth $624,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PG shares. Raymond James reduced their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the company an “overweight” rating in a research report on Friday, April 25th. Evercore ISI reiterated an “outperform” rating and set a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Piper Sandler boosted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Bank of America decreased their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble 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 sale, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 completion of the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $160.79 on Tuesday. The company’s 50 day moving average is $163.81 and its two-hundred day moving average is $166.51. The firm has a market cap of $376.99 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. 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 announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

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.