The Procter & Gamble Company (NYSE:PG) Shares Purchased by Park Avenue Securities LLC


Share on StockTwits

Park Avenue Securities LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,486 shares of the company’s stock after buying an additional 3,465 shares during the quarter. Park Avenue Securities LLC’s holdings in The Procter & Gamble were worth $6,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Emerson Wealth Management LLC acquired a new stake in The Procter & Gamble during the first quarter worth about $26,000. MD Financial Management Inc. purchased a new position in shares of The Procter & Gamble in the 4th quarter valued at $28,000. Greenhouse Wealth Management LLC purchased a new stake in The Procter & Gamble during the 4th quarter worth $31,000. Luken Investment Analytics LLC purchased a new position in The Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Flagship Private Wealth LLC purchased a new stake in shares of The Procter & Gamble in the fourth quarter worth about $36,000. 63.05% of the stock is currently owned by institutional investors.

Shares of PG stock traded up $0.65 on Tuesday, hitting $135.65. The company’s stock had a trading volume of 118,082 shares, compared to its average volume of 8,280,199. The Procter & Gamble Company has a fifty-two week low of $111.25 and a fifty-two week high of $146.92. The company has a market capitalization of $332.10 billion, a PE ratio of 25.81, a PEG ratio of 3.25 and a beta of 0.38. The stock’s 50 day moving average is $133.89 and its 200-day moving average is $134.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87.

The Procter & Gamble (NYSE:PG) last announced its earnings results on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.07. The company had revenue of $18.10 billion for the quarter, compared to analysts’ expectations of $18 billion. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.17 earnings per share. On average, research analysts forecast that The Procter & Gamble Company will post 5.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Friday, April 23rd will be given a $0.8698 dividend. The ex-dividend date of this dividend is Thursday, April 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is presently 67.97%.

A number of brokerages have weighed in on PG. Deutsche Bank Aktiengesellschaft lowered their price objective on The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, April 27th. JPMorgan Chase & Co. lowered their target price on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research note on Thursday, April 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating and issued a $150.00 price target (down from $165.00) on shares of The Procter & Gamble in a report on Tuesday, April 27th. Morgan Stanley lowered their target price on The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, April 26th. Finally, Independent Research upgraded The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research note on Friday, January 22nd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $148.93.

In related news, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Also, VP Valarie L. Sheppard sold 1,811 shares of the business’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. Insiders have sold 560,215 shares of company stock worth $72,179,449 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

About The Procter & Gamble

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

See Also: What does a bar chart display?

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG).

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

Receive News & Ratings for The Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.