Emerald Investment Partners LLC Trims Stake in Procter & Gamble Co (NYSE:PG)

Emerald Investment Partners LLC trimmed its holdings in shares of Procter & Gamble Co (NYSE:PG) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,108 shares of the company’s stock after selling 1,048 shares during the quarter. Emerald Investment Partners LLC’s holdings in Procter & Gamble were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Allred Capital Management LLC lifted its stake in shares of Procter & Gamble by 0.5% in the 1st quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock valued at $1,755,000 after acquiring an additional 83 shares during the last quarter. Palisade Capital Management LLC NJ lifted its stake in shares of Procter & Gamble by 0.7% in the 4th quarter. Palisade Capital Management LLC NJ now owns 11,875 shares of the company’s stock valued at $1,483,000 after acquiring an additional 84 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Procter & Gamble by 0.3% in the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,717 shares of the company’s stock valued at $3,042,000 after acquiring an additional 85 shares during the last quarter. Jolley Asset Management LLC lifted its stake in shares of Procter & Gamble by 4.2% in the 1st quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock valued at $232,000 after acquiring an additional 85 shares during the last quarter. Finally, First Financial Corp IN lifted its stake in shares of Procter & Gamble by 0.6% in the 1st quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock valued at $1,586,000 after acquiring an additional 86 shares during the last quarter. 63.44% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on PG shares. Stifel Nicolaus upped their price target on Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $120.00 price target on shares of Procter & Gamble in a research report on Tuesday, April 14th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lowered their price target for the company from $130.00 to $128.00 in a research report on Monday, March 30th. Morgan Stanley upped their target price on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Deutsche Bank upped their target price on Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Procter & Gamble currently has a consensus rating of “Buy” and a consensus price target of $130.31.

In related news, CEO R. Alexandra Keith sold 7,360 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total transaction of $883,200.00. Following the completion of the transaction, the chief executive officer now directly owns 44,746 shares in the company, valued at approximately $5,369,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Valarie L. Sheppard sold 25,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $119.50, for a total value of $3,059,200.00. Following the transaction, the vice president now owns 50,598 shares of the company’s stock, valued at $6,046,461. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,963,114 shares of company stock valued at $1,067,197,986. 1.75% of the stock is currently owned by corporate insiders.

Shares of NYSE PG traded up $1.17 during midday trading on Monday, hitting $117.09. 2,131,555 shares of the company’s stock traded hands, compared to its average volume of 7,504,056. Procter & Gamble Co has a 1 year low of $94.34 and a 1 year high of $128.09. The stock has a market capitalization of $286.13 billion, a price-to-earnings ratio of 65.30, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 0.83. The firm has a fifty day moving average of $116.38 and a 200 day moving average of $119.91.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 17th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The firm had revenue of $17.21 billion during the quarter, compared to analyst estimates of $17.29 billion. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, equities analysts anticipate that Procter & Gamble Co will post 4.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were paid a dividend of $0.7907 per share. The ex-dividend date was Thursday, April 23rd. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.70%. Procter & Gamble’s payout ratio is 69.91%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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