RE Dickinson Investment Advisors LLC Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

RE Dickinson Investment Advisors LLC lifted its stake in The Procter & Gamble Company (NYSE:PGGet Rating) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,338 shares of the company’s stock after purchasing an additional 133 shares during the quarter. RE Dickinson Investment Advisors LLC’s holdings in Procter & Gamble were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Procter & Gamble by 1.2% in the 4th quarter. BlackRock Inc. now owns 156,813,285 shares of the company’s stock worth $25,651,517,000 after purchasing an additional 1,785,863 shares during the period. State Street Corp grew its stake in Procter & Gamble by 1.7% during the 4th quarter. State Street Corp now owns 105,458,164 shares of the company’s stock valued at $17,250,846,000 after purchasing an additional 1,716,517 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Procter & Gamble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 43,444,122 shares of the company’s stock worth $7,090,497,000 after buying an additional 972,826 shares during the last quarter. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter worth about $3,726,603,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Procter & Gamble by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,710,055 shares of the company’s stock worth $2,569,850,000 after buying an additional 293,092 shares during the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.

Procter & Gamble Stock Up 0.2 %

NYSE PG traded up $0.24 during mid-day trading on Tuesday, hitting $145.51. The company’s stock had a trading volume of 91,978 shares, compared to its average volume of 7,033,719. The firm has a market capitalization of $349.12 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 4.00 and a beta of 0.36. The Procter & Gamble Company has a twelve month low of $129.50 and a twelve month high of $165.35. The company has a current ratio of 0.65, a quick ratio of 0.45 and a debt-to-equity ratio of 0.49. The company’s 50 day simple moving average is $142.83 and its 200 day simple moving average is $150.78.

Procter & Gamble (NYSE:PGGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.41 billion. Procter & Gamble had a net margin of 18.39% and a return on equity of 32.52%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. Analysts anticipate that The Procter & Gamble Company will post 5.94 earnings per share for the current year.

Procter & Gamble Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be paid a $0.913 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, July 21st. Procter & Gamble’s payout ratio is 62.82%.

Insider Transactions at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,026 shares of the company’s stock, valued at approximately $728,770. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Ma. Fatima Francisco sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the chief executive officer now owns 5,026 shares in the company, valued at $728,770. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar G. Raman sold 1,599 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $145.12, for a total value of $232,046.88. Following the transaction, the chief executive officer now directly owns 4,002 shares of the company’s stock, valued at $580,770.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,599 shares of company stock worth $1,106,047. 0.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. StockNews.com upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group raised their price target on Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. Credit Suisse Group raised their price target on Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Evercore ISI set a $170.00 price target on Procter & Gamble in a research note on Monday, June 20th. Finally, UBS Group cut their price target on Procter & Gamble to $153.00 in a research note on Friday, July 22nd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.93.

About Procter & Gamble

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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.

See Also

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

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