Procter & Gamble Company (The) (NYSE:PG) Holdings Boosted by PAX Financial Group LLC

PAX Financial Group LLC boosted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 23.1% during the first quarter, HoldingsChannel.com reports. The fund owned 2,761 shares of the company’s stock after acquiring an additional 518 shares during the period. PAX Financial Group LLC’s holdings in Procter & Gamble were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PG. Navigoe LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Hoey Investments Inc. increased its stake in shares of 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 purchasing an additional 148 shares during the period. 10Elms LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $34,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred 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 owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 directly owned 51,965 shares of the company’s stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.7%

Procter & Gamble stock opened at $152.61 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The firm has a market cap of $357.80 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.40. Procter & Gamble Company has a 1 year low of $151.90 and a 1 year high of $180.43. The firm’s 50 day moving average price is $161.54 and its two-hundred day moving average price is $164.68.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping 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 firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue was down 2.1% on a year-over-year basis. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, July 18th. Procter & Gamble’s dividend payout ratio is 67.14%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PG. Royal Bank Of Canada upgraded shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a research note on Thursday, May 1st. Erste Group Bank lowered shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $177.25.

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.