The Procter & Gamble Company (NYSE:PG) Shares Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC grew its stake in The Procter & Gamble Company (NYSE:PG) by 40.7% during the first quarter, Holdings Channel.com reports. The fund owned 1,773 shares of the company’s stock after acquiring an additional 513 shares during the period. Curated Wealth Partners LLC’s holdings in Procter & Gamble were worth $302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $50,049,000. WCM Investment Management LLC lifted its holdings in shares of Procter & Gamble by 148.8% in the fourth quarter. WCM Investment Management LLC now owns 25,669 shares of the company’s stock valued at $4,289,000 after purchasing an additional 15,351 shares in the last quarter. Legacy Financial Strategies LLC raised its position in shares of Procter & Gamble by 4.4% during the 4th quarter. Legacy Financial Strategies LLC now owns 2,378 shares of the company’s stock worth $395,000 after purchasing an additional 100 shares during the last quarter. Finally, Focused Wealth Management Inc grew its holdings in Procter & Gamble by 2.0% during the 4th quarter. Focused Wealth Management Inc now owns 3,342 shares of the company’s stock valued at $560,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on 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 sale, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were 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 in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on PG shares. Evercore ISI restated an “outperform” rating and issued a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Royal Bank of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Erste Group Bank cut Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Stock Down 0.9%

Shares of Procter & Gamble stock opened at $162.55 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The business has a fifty day simple moving average of $163.86 and a 200 day simple moving average of $167.11. The stock has a market cap of $381.10 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The company had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the company earned $1.52 EPS. Procter & Gamble’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. Procter & Gamble’s payout ratio is presently 66.98%.

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.