The Procter & Gamble Company (NYSE:PG) Shares Sold by Randolph Co Inc

Randolph Co Inc reduced its stake in shares of The Procter & Gamble Company (NYSE:PG) by 6.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,793 shares of the company’s stock after selling 351 shares during the quarter. Randolph Co Inc’s holdings in Procter & Gamble were worth $817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. NewSquare Capital LLC grew its position in 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 purchasing an additional 140 shares during the last quarter. Navigoe LLC purchased a new position in Procter & Gamble during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth $31,000. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the 4th quarter worth $34,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.6%

PG stock opened at $163.10 on Friday. The company has a market cap of $382.39 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company’s 50-day moving average price is $163.70 and its 200 day moving average price is $166.95. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last released 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. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, research analysts expect that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.59%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s payout ratio is presently 66.98%.

Analysts Set New Price Targets

Several research analysts have issued reports on PG shares. Erste Group Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Raymond James lowered their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Eight 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $178.86.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble 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 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 legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company’s stock, 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 currently owned by company insiders.

About Procter & Gamble

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.