Isthmus Partners LLC Has $1.69 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Isthmus Partners LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,910 shares of the company’s stock after selling 120 shares during the period. Isthmus Partners LLC’s holdings in Procter & Gamble were worth $1,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Navigoe LLC acquired a new stake in Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Hoey Investments Inc. increased its stake 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. 10Elms LLP acquired a new position in Procter & Gamble in the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business’s 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 directly owned 51,965 shares of the company’s stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents 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 company insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $156.95 on Friday. The firm has a 50 day simple moving average of $161.77 and a 200 day simple moving average of $164.92. Procter & Gamble Company has a fifty-two week low of $155.95 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 cap of $367.98 billion, a P/E ratio of 24.91, a P/E/G ratio of 4.47 and a beta of 0.40.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.69%. Procter & Gamble’s payout ratio is presently 67.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup dropped their target price on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Raymond James Financial cut their price objective on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, April 25th. 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. Finally, Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.45.

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.