Catalina Capital Group LLC Has $599,000 Stake in Procter & Gamble Company (The) (NYSE:PG)

Catalina Capital Group LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 71.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,514 shares of the company’s stock after selling 8,768 shares during the quarter. Catalina Capital Group LLC’s holdings in Procter & Gamble were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PG. Brighton Jones LLC raised its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Procter & Gamble during the 4th quarter worth $50,049,000. Bank Pictet & Cie Europe AG raised its position in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Procter & Gamble during the 4th quarter worth $1,789,000. Finally, Atlas Legacy Advisors LLC bought a new position in Procter & Gamble during the 4th quarter worth $579,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Citigroup lowered their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Finally, Evercore ISI reissued an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Eight equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $157.86 on Thursday. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 4.67 and a beta of 0.43. The business has a 50-day simple moving average of $163.63 and a 200 day simple moving average of $166.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.68%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 67.14%.

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.