Courier Capital LLC decreased its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,778 shares of the company’s stock after selling 1,086 shares during the period. Courier Capital LLC’s holdings in Procter & Gamble were worth $6,292,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Advantage Trust Co bought a new stake in Procter & Gamble during the 4th quarter valued at $28,000. Wyrmwood Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $33,000. Institutional investors own 65.77% of the company’s stock.
Insider Activity at Procter & Gamble
In related news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at $634,634. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock worth $25,413,051 over the last three months. Company insiders own 0.17% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on PG
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock traded down $0.83 during trading on Thursday, reaching $166.62. The company’s stock had a trading volume of 4,969,691 shares, compared to its average volume of 6,575,230. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business’s fifty day moving average price is $165.28 and its 200-day moving average price is $158.54. The firm has a market cap of $393.25 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $169.41.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current year.
Procter & Gamble Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.42%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
Featured Stories
- Five stocks we like better than Procter & Gamble
- Investing in Travel Stocks Benefits
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- Trading Stocks: RSI and Why it’s Useful
- Progress Software Stock Back in the Green After Beating Forecasts
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.