Procter & Gamble Company (The) (NYSE:PG) Shares Purchased by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,513 shares of the company’s stock after purchasing an additional 1,028 shares during the period. Procter & Gamble accounts for about 2.2% of Pegasus Asset Management Inc.’s holdings, making the stock its 17th biggest position. Pegasus Asset Management Inc.’s holdings in Procter & Gamble were worth $5,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Procter & Gamble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after purchasing an additional 1,267,419 shares during the last quarter. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter worth approximately $5,244,463,000. Northern Trust Corp raised its position in shares of Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after purchasing an additional 2,703,757 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Procter & Gamble by 6.4% in the 4th quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.5%

Shares of NYSE PG opened at $158.53 on Wednesday. The firm has a fifty day moving average of $163.73 and a 200-day moving average of $166.46. 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 Company has a 52-week low of $156.58 and a 52-week high of $180.43. The stock has a market capitalization of $371.67 billion, a PE ratio of 25.16, a P/E/G ratio of 4.74 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 analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.67%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio is 67.14%.

Analysts Set New Price Targets

Several research analysts have weighed in on PG shares. Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Citigroup cut their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Finally, Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly 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. 0.18% of the stock is owned by corporate insiders.

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.