Machina Capital S.A.S. Makes New $3.81 Million Investment in Procter & Gamble Company (The) (NYSE:PG)

Machina Capital S.A.S. bought a new position in Procter & Gamble Company (The) (NYSE:PG) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 22,339 shares of the company’s stock, valued at approximately $3,807,000. Procter & Gamble accounts for 1.1% of Machina Capital S.A.S.’s holdings, making the stock its 6th biggest holding.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Associates Ltd. lifted its stake in shares of Procter & Gamble by 1.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 228,203 shares of the company’s stock worth $38,890,000 after purchasing an additional 3,825 shares during the last quarter. Financial & Tax Architects LLC lifted its stake in shares of Procter & Gamble by 2.6% during the 1st quarter. Financial & Tax Architects LLC now owns 39,484 shares of the company’s stock worth $6,729,000 after purchasing an additional 992 shares during the last quarter. Noesis Capital Mangement Corp purchased a new stake in shares of Procter & Gamble during the 1st quarter worth $356,000. Guardian Wealth Management Inc. increased its position in Procter & Gamble by 4.4% during the 1st quarter. Guardian Wealth Management Inc. now owns 15,958 shares of the company’s stock valued at $2,720,000 after buying an additional 676 shares in the last quarter. Finally, Dempze Nancy E increased its position in Procter & Gamble by 5.0% during the 1st quarter. Dempze Nancy E now owns 25,083 shares of the company’s stock valued at $4,275,000 after buying an additional 1,195 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business’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 transaction of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares in the company, 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 SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Procter & Gamble from $160.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Redburn Partners set a $161.00 target price on Procter & Gamble in a report on Thursday, May 1st. Bank of America dropped their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.17.

Procter & Gamble Stock Down 0.1%

Procter & Gamble stock opened at $158.23 on Thursday. Procter & Gamble Company has a fifty-two week low of $151.90 and a fifty-two 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 company has a market capitalization of $370.98 billion, a P/E ratio of 25.12, a PEG ratio of 4.51 and a beta of 0.40. The stock has a 50-day simple moving average of $161.19 and a 200-day simple moving average of $164.26.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during 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%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s payout ratio is 66.98%.

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.