Well Done LLC Acquires 251 Shares of Procter & Gamble Company (The) (NYSE:PG)

Well Done LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,858 shares of the company’s stock after buying an additional 251 shares during the period. Well Done LLC’s holdings in Procter & Gamble were worth $2,323,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Sterling Investment Counsel LLC lifted its stake in shares of Procter & Gamble by 133.7% during the 1st quarter. Sterling Investment Counsel LLC now owns 3,982 shares of the company’s stock worth $679,000 after purchasing an additional 2,278 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in shares of Procter & Gamble by 1.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 15,166 shares of the company’s stock worth $2,585,000 after purchasing an additional 197 shares during the last quarter. Duncan Williams Asset Management LLC lifted its stake in shares of Procter & Gamble by 4.1% during the 1st quarter. Duncan Williams Asset Management LLC now owns 6,680 shares of the company’s stock worth $1,138,000 after purchasing an additional 262 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of Procter & Gamble by 87.7% during the 1st quarter. Boston Trust Walden Corp now owns 482,323 shares of the company’s stock worth $82,197,000 after purchasing an additional 225,389 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in shares of Procter & Gamble by 20.3% during the 1st quarter. Global X Japan Co. Ltd. now owns 3,689 shares of the company’s stock worth $629,000 after purchasing an additional 622 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PG has been the subject of a number of analyst reports. Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Citigroup reduced their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Evercore ISI reaffirmed an “outperform” rating and set a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Finally, Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Eight investment 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 stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred 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 owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 0.4%

Procter & Gamble stock opened at $157.86 on Thursday. The firm has a market cap of $370.11 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 4.67 and a beta of 0.43. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The business’s 50-day moving average price is $163.63 and its 200 day moving average price is $166.40. 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 issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 earnings per share. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. 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 2.68%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is currently 67.14%.

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.