Paragon Capital Management LLC Reduces Stock Position in Procter & Gamble Company (The) (NYSE:PG)

Paragon Capital Management LLC decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 6.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,205 shares of the company’s stock after selling 163 shares during the quarter. Paragon Capital Management LLC’s holdings in Procter & Gamble were worth $376,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Navigoe LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares in the last quarter. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its position in shares of 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 and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Raymond James Financial decreased their price target 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. Citigroup cut their price target 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 upped their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. UBS Group decreased their price target on Procter & Gamble from $186.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Evercore ISI restated an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.84.

Procter & Gamble Stock Down 0.3%

Shares of PG stock traded down $0.54 on Friday, reaching $155.08. 7,270,714 shares of the company were exchanged, compared to its average volume of 7,652,310. The company has a market cap of $363.59 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 4.43 and a beta of 0.40. The company has a 50-day moving average of $161.31 and a 200-day moving average of $164.44. 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 Company has a one year low of $151.90 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The company 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 firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 67.14%.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 25,182 shares in the company, valued at $3,995,627.94. The trade was 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 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.