North Point Portfolio Managers Corp OH Purchases 3,405 Shares of Procter & Gamble Company (The) (NYSE:PG)

North Point Portfolio Managers Corp OH raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 138.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,871 shares of the company’s stock after acquiring an additional 3,405 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in Procter & Gamble were worth $1,001,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cladis Investment Advisory LLC raised its holdings in Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after acquiring an additional 236 shares during the period. FAS Wealth Partners Inc. increased its holdings in shares of Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock worth $4,642,000 after purchasing an additional 549 shares during the period. Berkshire Asset Management LLC PA increased its holdings in shares of Procter & Gamble by 0.9% during the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after purchasing an additional 2,179 shares during the period. Natural Investments LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth approximately $2,121,000. Finally, Yoffe Investment Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter worth approximately $1,874,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Citigroup lowered their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Finally, Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $158.93 on Monday. Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The firm has a market capitalization of $372.62 billion, a P/E ratio of 25.23, a P/E/G ratio of 4.69 and a beta of 0.43. 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 issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.52 earnings per share. On average, equities analysts forecast that 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 issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is 67.14%.

Insider Transactions at Procter & Gamble

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