Kennedy Investment Group Sells 188 Shares of Procter & Gamble Company (The) (NYSE:PG)

Kennedy Investment Group reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,693 shares of the company’s stock after selling 188 shares during the period. Procter & Gamble accounts for approximately 1.8% of Kennedy Investment Group’s holdings, making the stock its 12th biggest position. Kennedy Investment Group’s holdings in Procter & Gamble were worth $3,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in Procter & Gamble by 4.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 8,257 shares of the company’s stock valued at $1,407,000 after buying an additional 317 shares during the last quarter. Cassia Capital Partners LLC grew its stake in shares of Procter & Gamble by 6.3% in the first quarter. Cassia Capital Partners LLC now owns 6,374 shares of the company’s stock worth $1,086,000 after acquiring an additional 375 shares during the last quarter. North Point Portfolio Managers Corp OH increased its position in Procter & Gamble by 138.1% during the first quarter. North Point Portfolio Managers Corp OH now owns 5,871 shares of the company’s stock worth $1,001,000 after acquiring an additional 3,405 shares during the period. Synergy Asset Management LLC raised its stake in Procter & Gamble by 1,383.6% during the 1st quarter. Synergy Asset Management LLC now owns 95,440 shares of the company’s stock valued at $16,265,000 after purchasing an additional 89,007 shares during the last quarter. Finally, Altrius Capital Management Inc boosted its holdings in Procter & Gamble by 3.2% in the 1st quarter. Altrius Capital Management Inc now owns 28,168 shares of the company’s stock valued at $4,800,000 after purchasing an additional 884 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. 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. Royal Bank Of Canada raised Procter & Gamble from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $164.00 to $177.00 in a report on Friday, April 25th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Raymond James Financial cut their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Price Performance

NYSE:PG opened at $158.93 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market cap of $372.62 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 4.69 and a beta of 0.43. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company’s 50-day moving average price is $163.35 and its two-hundred day moving average price is $166.00.

Procter & Gamble (NYSE:PG) last announced 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 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the previous year, the business earned $1.52 EPS. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.66%. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is currently 67.14%.

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.