Tremblant Capital Group Buys 2,816 Shares of The Procter & Gamble Company (NYSE:PG)

Tremblant Capital Group increased its stake in The Procter & Gamble Company (NYSE:PG) by 15.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,553 shares of the company’s stock after acquiring an additional 2,816 shares during the period. Tremblant Capital Group’s holdings in Procter & Gamble were worth $3,613,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its position in shares of Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Navigoe LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $31,000. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Finally, Atlantic Private Wealth LLC lifted its position in shares of Procter & Gamble by 95.3% during the fourth quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of PG stock opened at $163.28 on Monday. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The firm has a market capitalization of $382.82 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock’s 50-day simple moving average is $164.50 and its 200-day simple moving average is $167.31.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.59%. Procter & Gamble’s payout ratio is presently 66.98%.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now directly owns 22,051 shares of the company’s stock, valued at $3,829,817.68. This trade represents a 61.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,520 shares of company stock worth $10,999,268. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an “overweight” rating in a research note on Friday, April 25th. Citigroup cut their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays restated an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Bank of America cut their price target on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $178.52.

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.