Trustcore Financial Services LLC boosted its holdings in shares of Procter & Gamble Co (NYSE:PG) by 46.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,373 shares of the company’s stock after buying an additional 5,806 shares during the period. Trustcore Financial Services LLC’s holdings in Procter & Gamble were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. grew its stake in Procter & Gamble by 8.9% during the 1st quarter. BOK Financial Private Wealth Inc. now owns 4,480 shares of the company’s stock valued at $493,000 after purchasing an additional 366 shares during the last quarter. Brooktree Capital Management grew its stake in Procter & Gamble by 0.7% during the 1st quarter. Brooktree Capital Management now owns 23,030 shares of the company’s stock valued at $2,533,000 after purchasing an additional 150 shares during the last quarter. Patriot Investment Management Inc. grew its stake in Procter & Gamble by 1.3% during the 1st quarter. Patriot Investment Management Inc. now owns 7,812 shares of the company’s stock valued at $859,000 after purchasing an additional 102 shares during the last quarter. AKO Capital LLP grew its stake in Procter & Gamble by 29.2% during the 1st quarter. AKO Capital LLP now owns 2,079,180 shares of the company’s stock valued at $228,710,000 after purchasing an additional 470,065 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Procter & Gamble by 53.3% during the 1st quarter. Proficio Capital Partners LLC now owns 6,904 shares of the company’s stock valued at $775,000 after purchasing an additional 2,399 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors.

Shares of Procter & Gamble stock opened at $114.61 on Friday. The business has a 50 day simple moving average of $115.71 and a two-hundred day simple moving average of $120.53. Procter & Gamble Co has a 12 month low of $94.34 and a 12 month high of $128.09. The stock 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. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.83 and a quick ratio of 0.66.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 17th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. Procter & Gamble had a return on equity of 29.15% and a net margin of 7.09%. The firm had revenue of $17.21 billion during the quarter, compared to analysts’ expectations of $17.29 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that Procter & Gamble Co will post 4.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued a $0.7907 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, April 23rd. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.75. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.91%.

PG has been the topic of several research analyst reports. Citigroup boosted their price target on Procter & Gamble from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Bank of America restated a “buy” rating and issued a $135.00 target price on shares of Procter & Gamble in a research note on Saturday, April 18th. Berenberg Bank restated a “hold” rating and issued a $130.00 target price on shares of Procter & Gamble in a research note on Friday, January 24th. Morgan Stanley upped their target price on Procter & Gamble from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Deutsche Bank upped their target price on Procter & Gamble from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Procter & Gamble presently has an average rating of “Buy” and an average price target of $130.31.

In other Procter & Gamble news, VP Valarie L. Sheppard sold 25,600 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $119.50, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Deborah P. Majoras sold 12,589 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $122.68, for a total value of $1,544,418.52. Following the sale, the insider now directly owns 44,948 shares of the company’s stock, valued at approximately $5,514,220.64. 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. Insiders own 1.75% of the company’s stock.

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.

Read More: Producer Price Index (PPI)

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

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