Osborne Partners Capital Management LLC Has $12.56 Million Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Osborne Partners Capital Management LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,679 shares of the company’s stock after selling 2,425 shares during the period. Osborne Partners Capital Management LLC’s holdings in Procter & Gamble were worth $12,556,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Good Steward Wealth Advisors LLC bought a new stake in Procter & Gamble during the first quarter worth $663,000. Investment Research & Advisory Group Inc. boosted its holdings in Procter & Gamble by 15.0% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 11,438 shares of the company’s stock worth $1,949,000 after acquiring an additional 1,490 shares during the last quarter. Riverbridge Partners LLC grew its stake in shares of Procter & Gamble by 2.9% in the 1st quarter. Riverbridge Partners LLC now owns 15,320 shares of the company’s stock worth $2,611,000 after acquiring an additional 437 shares in the last quarter. LongView Wealth Management raised its holdings in shares of Procter & Gamble by 1.5% in the first quarter. LongView Wealth Management now owns 6,554 shares of the company’s stock valued at $1,117,000 after purchasing an additional 94 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV lifted its position in shares of Procter & Gamble by 1.2% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 34,638 shares of the company’s stock valued at $5,903,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Bank of America reduced their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price target for the company. in a research report on Thursday, May 1st. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Insider Transactions at Procter & Gamble

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

Procter & Gamble Trading Down 0.4%

Shares of Procter & Gamble stock opened at $157.86 on Friday. The stock has a market capitalization of $370.11 billion, a P/E ratio of 25.06, a P/E/G ratio of 4.66 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 company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The stock’s 50-day simple moving average is $163.51 and its 200 day simple moving average is $166.25.

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, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced 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 was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend 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%.

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.