Evelyn Partners Investment Management LLP Sells 17,376 Shares of Procter & Gamble Company (The) $PG

Evelyn Partners Investment Management LLP lessened its position in Procter & Gamble Company (The) (NYSE:PG) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 110,666 shares of the company’s stock after selling 17,376 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Procter & Gamble were worth $15,985,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PG. Measured Risk Portfolios Inc. increased its position in shares of Procter & Gamble by 7.1% during the 1st quarter. Measured Risk Portfolios Inc. now owns 8,704 shares of the company’s stock worth $1,257,000 after purchasing an additional 580 shares in the last quarter. Quantinno Capital Management LP boosted its position in Procter & Gamble by 28.7% in the first quarter. Quantinno Capital Management LP now owns 1,372,590 shares of the company’s stock valued at $198,257,000 after buying an additional 305,911 shares in the last quarter. Family Manage LLC boosted its position in Procter & Gamble by 3.2% in the first quarter. Family Manage LLC now owns 4,317 shares of the company’s stock valued at $624,000 after buying an additional 135 shares in the last quarter. Cardiff Park Advisors LLC grew its stake in Procter & Gamble by 10.0% during the first quarter. Cardiff Park Advisors LLC now owns 7,528 shares of the company’s stock worth $1,087,000 after buying an additional 682 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its holdings in shares of Procter & Gamble by 347.1% during the first quarter. Gateway Wealth Partners LLC now owns 17,281 shares of the company’s stock worth $2,496,000 after buying an additional 13,416 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PG shares. Royal Bank Of Canada cut their target price on shares of Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. TD Cowen raised their price target on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group lifted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. UBS Group boosted their price objective on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $163.00 target price on shares of Procter & Gamble in a report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.74.

Procter & Gamble Trading Up 0.8%

Shares of NYSE PG opened at $148.66 on Tuesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a 50-day moving average of $147.46 and a two-hundred day moving average of $148.82. The company has a market cap of $346.17 billion, a PE ratio of 21.73, a P/E/G ratio of 7.33 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. Procter & Gamble’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. As a group, equities analysts expect that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be given a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.