Dividend Assets Capital LLC decreased its position in The Procter & Gamble Company (NYSE:PG) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 17,153 shares of the company’s stock after selling 433 shares during the quarter. Dividend Assets Capital LLC’s holdings in The Procter & Gamble were worth $2,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerson Wealth Management LLC acquired a new position in The Procter & Gamble in the first quarter valued at $26,000. MD Financial Management Inc. purchased a new position in shares of The Procter & Gamble during the 4th quarter worth approximately $28,000. Greenhouse Wealth Management LLC acquired a new stake in The Procter & Gamble during the fourth quarter worth approximately $31,000. Luken Investment Analytics LLC acquired a new stake in The Procter & Gamble during the fourth quarter worth approximately $34,000. Finally, Flagship Private Wealth LLC acquired a new stake in The Procter & Gamble during the fourth quarter worth approximately $36,000. 63.05% of the stock is currently owned by institutional investors.

Shares of PG stock traded up $0.59 during mid-day trading on Tuesday, reaching $135.59. The company’s stock had a trading volume of 156,938 shares, compared to its average volume of 8,280,199. The company has a market cap of $331.96 billion, a P/E ratio of 25.81, a PEG ratio of 3.25 and a beta of 0.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.87. The firm’s 50-day moving average is $133.89 and its two-hundred day moving average is $134.79. The Procter & Gamble Company has a 1-year low of $111.25 and a 1-year high of $146.92.

The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Monday, April 19th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.92% and a return on equity of 30.69%. The firm had revenue of $18.10 billion for the quarter, compared to analyst estimates of $18 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that The Procter & Gamble Company will post 5.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Friday, April 23rd will be paid a $0.8698 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Thursday, April 22nd. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s dividend payout ratio (DPR) is 67.97%.

In related news, insider Deborah P. Majoras sold 12,872 shares of The Procter & Gamble stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $135.47, for a total transaction of $1,743,769.84. Also, VP Valarie L. Sheppard sold 1,811 shares of The Procter & Gamble stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $125.77, for a total transaction of $227,769.47. The disclosure for this sale can be found here. Insiders sold a total of 560,215 shares of company stock worth $72,179,449 in the last ninety days. Insiders own 0.70% of the company’s stock.

A number of brokerages have weighed in on PG. Citigroup lowered shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a report on Wednesday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Thursday, April 22nd. Independent Research raised shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Friday, January 22nd. Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 target price for the company. in a research report on Thursday, January 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, April 27th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $148.93.

The Procter & Gamble Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Further Reading: What Is Dividend Yield and How Do You Calculate It?

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

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