Veracity Capital LLC raised its holdings in shares of Procter & Gamble Co (NYSE:PG) by 20.4% during the 1st quarter, HoldingsChannel reports. The fund owned 19,891 shares of the company’s stock after purchasing an additional 3,368 shares during the period. Procter & Gamble accounts for approximately 0.6% of Veracity Capital LLC’s portfolio, making the stock its 25th biggest holding. Veracity Capital LLC’s holdings in Procter & Gamble were worth $2,188,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allred Capital Management LLC grew its stake in shares of Procter & Gamble by 0.5% in the first quarter. Allred Capital Management LLC now owns 15,959 shares of the company’s stock worth $1,755,000 after purchasing an additional 83 shares during the last quarter. Palisade Capital Management LLC NJ lifted its holdings in Procter & Gamble by 0.7% in the fourth quarter. Palisade Capital Management LLC NJ now owns 11,875 shares of the company’s stock worth $1,483,000 after buying an additional 84 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Procter & Gamble by 0.3% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,717 shares of the company’s stock worth $3,042,000 after buying an additional 85 shares during the period. Jolley Asset Management LLC lifted its holdings in Procter & Gamble by 4.2% in the first quarter. Jolley Asset Management LLC now owns 2,105 shares of the company’s stock worth $232,000 after buying an additional 85 shares during the period. Finally, First Financial Corp IN lifted its holdings in Procter & Gamble by 0.6% in the first quarter. First Financial Corp IN now owns 14,418 shares of the company’s stock worth $1,586,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 64.03% of the company’s stock.

In other news, insider Deborah P. Majoras sold 12,589 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $122.68, for a total transaction of $1,544,418.52. Following the completion of the sale, the insider now owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nelson Peltz sold 404,714 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $113.01, for a total transaction of $45,736,729.14. Following the sale, the director now directly owns 3,891 shares of the company’s stock, valued at approximately $439,721.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,802,488 shares of company stock valued at $1,048,532,939. 1.75% of the stock is currently owned by insiders.

Shares of NYSE PG opened at $114.61 on Friday. Procter & Gamble Co has a twelve month low of $94.34 and a twelve month high of $128.09. The firm has a market cap of $287.05 billion, a P/E ratio of 64.75, a PEG ratio of 3.26 and a beta of 0.44. The company has a 50 day moving average of $115.71 and a 200 day moving average of $120.53. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.52.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 17th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $17.29 billion. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts expect that Procter & Gamble Co will post 4.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, April 23rd. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s payout ratio is 69.91%.

Several analysts have commented on PG shares. Berenberg Bank restated a “hold” rating and issued a $130.00 price objective on shares of Procter & Gamble in a report on Friday, January 24th. Deutsche Bank raised their price objective on shares of Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Argus upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, March 26th. TheStreet upgraded shares of Procter & Gamble from a “c+” rating to a “b” rating in a report on Tuesday, April 14th. Finally, Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $117.00 to $129.00 and gave the company a “buy” rating in a report on Monday, April 20th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $130.31.

Procter & Gamble 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.

Further Reading: What is the balance sheet?

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

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