GAM Holding AG Has $19.99 Million Stake in Procter & Gamble Company (The) (NYSE:PG)

GAM Holding AG grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 28.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,296 shares of the company’s stock after purchasing an additional 25,811 shares during the quarter. Procter & Gamble comprises 1.6% of GAM Holding AG’s portfolio, making the stock its 13th biggest holding. GAM Holding AG’s holdings in Procter & Gamble were worth $19,990,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Stonegate Investment Group LLC grew its stake in shares of Procter & Gamble by 0.5% in the first quarter. Stonegate Investment Group LLC now owns 356,263 shares of the company’s stock worth $60,714,000 after acquiring an additional 1,826 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in Procter & Gamble by 1.2% in the 1st quarter. Appleton Partners Inc. MA now owns 66,116 shares of the company’s stock valued at $11,267,000 after purchasing an additional 770 shares during the period. Mayport LLC boosted its holdings in Procter & Gamble by 5.3% in the 1st quarter. Mayport LLC now owns 1,313 shares of the company’s stock valued at $224,000 after purchasing an additional 66 shares during the period. Castleview Partners LLC grew its position in Procter & Gamble by 2.1% in the 1st quarter. Castleview Partners LLC now owns 5,320 shares of the company’s stock worth $907,000 after purchasing an additional 110 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $158.93 on Friday. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43. The company has a 50 day moving average of $163.35 and a 200-day moving average of $166.13. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market cap of $372.62 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 4.66 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is currently 66.98%.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PG shares. Truist Financial reduced their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Citigroup reduced their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Evercore ISI restated an “outperform” rating and set a $190.00 price objective (up from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Raymond James Financial reduced their target price on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.