Regatta Capital Group LLC purchased a new stake in The Procter & Gamble Company (NYSE: PG – Get Rating) during the fourth quarter, Holdings Channel reports. The firm purchased 17,097 shares of the company stock, valued at approximately $ 2,797,000. Procter & Gamble comprises 1.0% of Regatta Capital Group LLC’s portfolio, making the stock its 25th biggest holding.
A number of other large investors also recently made changes to their positions in PG. Brick & Kyle Associates boosted its holdings in Procter & Gamble by 0.4% in the third quarter. Brick & Kyle Associates now owns 14,884 shares of the company stock worth $ 2,098,000 after acquiring an additional 63 shares in the last quarter. Poplar Forest Capital LLC boosted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Poplar Forest Capital LLC now owns 25,508 shares of the company stock worth $ 4,173,000 after acquiring an additional 64 shares in the last quarter. Ambassador Advisors LLC boosted its holdings in Procter & Gamble by 2.2% in the fourth quarter. Ambassador Advisors LLC now owns 3,033 shares of the company stock worth $ 496,000 after acquiring an additional 65 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Kovack Advisors Inc. now owns 19,098 shares of the company stock worth $ 3,124,000 after acquiring an additional 66 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in Procter & Gamble by 2.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 2,766 shares of the company stock worth $ 452,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company stock.
Shares of PG stock opened at $ 133.32 on Friday. The Procter & Gamble Company has a 1-year low of $ 129.50 and a 1-year high of $ 165.35. The stock’s fifty day moving average price is $ 151.65 and its 200 day moving average price is $ 154.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market cap of $ 319.87 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40.
Procter & Gamble (NYSE: PG – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $ 1.33 EPS for the quarter, topping analysts’ consensus estimates of $ 1.28 by $ 0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The company had revenue of $ 19.38 billion during the quarter, compared to analysts’ expectations of $ 18.69 billion. During the same quarter in the previous year, the firm posted $ 1.26 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 5.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were issued a $ 0.9133 dividend. This represents a $ 3.65 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $ 0.87. Procter & Gamble’s payout ratio is 63.70%.
PG has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Procter & Gamble from $ 180.00 to $ 170.00 and set an “overweight” rating on the stock in a report on Wednesday, June 1st. Barclays lowered their target price on Procter & Gamble from $ 176.00 to $ 157.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $ 165.00 to $ 175.00 in a report on Tuesday, March 22nd. The Goldman Sachs Group lowered their target price on Procter & Gamble from $ 179.00 to $ 173.00 in a report on Tuesday, March 29th. Finally, Credit Suisse Group upped their price target on Procter & Gamble from $ 140.00 to $ 150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Buy” and an average target price of $ 164.27.
In other Procter & Gamble news, Chairman David S. Taylor sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $ 164.52, for a total transaction of $ 9,871,200.00. Following the completion of the sale, the chairman now directly owns 253,933 shares in the company, valued at approximately $ 41,777,057.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew W. Janzaruk sold 334 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $ 162.43, for a total value of $ 54,251.62. Following the sale, the chief accounting officer now owns 1,220 shares of the company stock, valued at $ 198,164.60. The disclosure for this sale can be found here. In the last three months, insiders sold 108,415 shares of company stock valued at $ 17,777,055. Insiders own 0.51% of the company stock.
Procter & Gamble Profile: (Get Rating)
The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.
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