Catalyst Private Wealth LLC Purchases Shares of 1,545 The Procter & Gamble Company (NYSE:PG)

Catalyst Private Wealth LLC acquired a new position in shares of The Procter & Gamble Company (NYSE:PGFree Report) in the 1st quarter, HoldingsChannel reports. The fund acquired 1,545 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds have also made changes to their positions in PG. Advantage Trust Co acquired a new stake in Procter & Gamble during the 4th quarter worth $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $29,000. Naples Money Management LLC purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.4 %

NYSE:PG traded up $0.59 on Friday, reaching $168.26. The stock had a trading volume of 14,682,061 shares, compared to its average volume of 5,021,979. The company has a market cap of $397.12 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm’s fifty day moving average is $164.59 and its two-hundred day moving average is $158.09.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Insider Activity

In other news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several research analyst reports. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group upped their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. The Goldman Sachs Group assumed coverage on Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Finally, Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.76.

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About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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