Ieq Capital LLC boosted its stake in Procter & Gamble Co (NYSE:PG) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,645 shares of the company’s stock after acquiring an additional 7,891 shares during the period. Ieq Capital LLC’s holdings in Procter & Gamble were worth $6,671,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its holdings 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 in the last quarter. Buckingham Asset Management LLC boosted its holdings 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 in the last quarter. Shepherd Financial Partners LLC boosted 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 valued at $750,000 after acquiring an additional 1,452 shares in the last quarter. Budros Ruhlin & Roe Inc. bought a new stake in Procter & Gamble in the first quarter valued at $4,865,000. Finally, Veracity Capital LLC boosted its holdings in shares of Procter & Gamble by 20.4% during the 1st quarter. Veracity Capital LLC now owns 19,891 shares of the company’s stock valued at $2,188,000 after buying an additional 3,368 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.

Shares of PG traded up $0.80 during midday trading on Friday, reaching $114.61. 10,694,802 shares of the stock were exchanged, compared to its average volume of 10,419,876. Procter & Gamble Co has a 52 week low of $94.34 and a 52 week high of $128.09. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $115.71 and its two-hundred day moving average is $120.53. The company has a market capitalization of $287.05 billion, a P/E ratio of 64.75, a PEG ratio of 3.26 and a beta of 0.44.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 17th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The business had revenue of $17.21 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that Procter & Gamble Co will post 4.95 EPS 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 given a dividend of $0.7907 per share. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.76%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio (DPR) is presently 69.91%.

In other Procter & Gamble news, CEO R. Alexandra Keith sold 7,360 shares of the stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $120.00, for a total value of $883,200.00. Following the completion of the sale, the chief executive officer now directly owns 44,746 shares in the company, valued at $5,369,520. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Valarie L. Sheppard sold 25,600 shares of the stock in a transaction dated 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 completion of the sale, 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. In the last ninety days, insiders have sold 8,802,488 shares of company stock worth $1,048,532,939. 1.75% of the stock is owned by corporate insiders.

A number of analysts have recently commented on the stock. Deutsche Bank boosted their target price on shares of Procter & Gamble from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Morgan Stanley lifted their price target on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lowered their price target for the stock from $130.00 to $128.00 in a research report on Monday, March 30th. Citigroup lifted their price target on Procter & Gamble from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, TheStreet raised Procter & Gamble from a “c+” rating to a “b” rating in a research report on Tuesday, April 14th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $130.31.

Procter & Gamble Company Profile

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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