The Procter & Gamble Company (NYSE:PG) Position Increased by City Holding Co.

City Holding Co. grew its position in The Procter & Gamble Company (NYSE:PG) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,831 shares of the company’s stock after purchasing an additional 480 shares during the period. Procter & Gamble comprises about 1.4% of City Holding Co.’s holdings, making the stock its 15th largest position. City Holding Co.’s holdings in Procter & Gamble were worth $9,685,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC increased its holdings in shares of Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Navigoe LLC acquired a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Hoey Investments Inc. lifted its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble during the 4th quarter worth $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.7%

Shares of PG opened at $164.01 on Monday. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The company has a 50-day moving average price of $164.01 and a two-hundred day moving average price of $167.21. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. Procter & Gamble’s revenue was down 2.1% on a year-over-year basis. Equities analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PG. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble 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.