Procter & Gamble Company (The) (NYSE:PG) Shares Acquired by Narwhal Capital Management

Narwhal Capital Management lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,999 shares of the company’s stock after purchasing an additional 13,588 shares during the quarter. Procter & Gamble comprises approximately 1.5% of Narwhal Capital Management’s portfolio, making the stock its 17th biggest position. Narwhal Capital Management’s holdings in Procter & Gamble were worth $17,383,000 at the end of the most recent reporting period.

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

Insider Activity

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 value 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. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 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 disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Evercore ISI restated an “outperform” rating and set a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Truist Financial reduced their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Raymond James Financial lowered their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Trading Up 1.3%

Shares of PG stock opened at $161.11 on Tuesday. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a market capitalization of $377.73 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 4.69 and a beta of 0.43. The firm has a 50-day moving average price of $163.19 and a 200 day moving average price of $165.91. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Research 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 disclosed 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 is a boost 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 annualized dividend and a dividend yield of 2.62%. Procter & Gamble’s dividend payout ratio (DPR) 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.