DE Burlo Group Inc. reduced its stake in shares of Procter & Gamble Co (NYSE:PG) by 87.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,928 shares of the company’s stock after selling 82,950 shares during the quarter. DE Burlo Group Inc.’s holdings in Procter & Gamble were worth $1,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its stake in Procter & Gamble by 15.0% in the first quarter. Ieq Capital LLC now owns 60,645 shares of the company’s stock valued at $6,671,000 after acquiring an additional 7,891 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Procter & Gamble by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 28,550 shares of the company’s stock valued at $3,140,000 after acquiring an additional 1,388 shares during the last quarter. Buckingham Asset Management LLC boosted its stake in Procter & Gamble by 1.6% in the first quarter. Buckingham Asset Management LLC now owns 56,339 shares of the company’s stock valued at $6,197,000 after acquiring an additional 914 shares during the last quarter. Shepherd Financial Partners LLC raised its holdings in Procter & Gamble by 27.1% in the first quarter. Shepherd Financial Partners LLC now owns 6,815 shares of the company’s stock worth $750,000 after purchasing an additional 1,452 shares during the period. Finally, Budros Ruhlin & Roe Inc. acquired a new stake in Procter & Gamble in the first quarter worth $4,865,000. 64.03% of the stock is currently owned by institutional investors and hedge funds.

PG has been the topic of several analyst reports. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and cut their target price for the stock from $130.00 to $128.00 in a report on Monday, March 30th. Argus upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, March 26th. Bank of America reiterated a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a report on Saturday, April 18th. Finally, Royal Bank of Canada restated a “hold” rating and set a $120.00 price objective on shares of Procter & Gamble in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Procter & Gamble has an average rating of “Buy” and an average target price of $130.31.

In related news, Director Nelson Peltz sold 3,500,000 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $119.21, for a total transaction of $417,235,000.00. Following the transaction, the director now directly owns 3,891 shares of the company’s stock, valued at $463,846.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 44,746 shares in the company, valued at $5,369,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,802,488 shares of company stock worth $1,048,532,939. Insiders own 1.75% of the company’s stock.

PG traded up $0.80 during trading on Friday, reaching $114.61. 10,694,802 shares of the company’s stock were exchanged, compared to its average volume of 10,419,876. The firm has a fifty day moving average price of $115.71 and a two-hundred day moving average price of $120.53. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. Procter & Gamble Co has a one year low of $94.34 and a one year high of $128.09. The stock has a market capitalization of $287.05 billion, a PE ratio of 64.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 17th. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. Procter & Gamble had a net margin of 7.09% and a return on equity of 29.15%. The company had revenue of $17.21 billion for the quarter, compared to analyst estimates of $17.29 billion. During the same period in the prior year, the firm posted $1.06 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.7907 dividend. This is a positive change 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 2.76%. The ex-dividend date of this dividend was Thursday, April 23rd. Procter & Gamble’s dividend payout ratio is currently 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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