Procter & Gamble Company (The) (NYSE:PG) Position Lifted by Chilton Capital Management LLC

Chilton Capital Management LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.1% during the first quarter, HoldingsChannel reports. The fund owned 190,538 shares of the company’s stock after acquiring an additional 12,562 shares during the quarter. Procter & Gamble comprises approximately 1.4% of Chilton Capital Management LLC’s holdings, making the stock its 22nd largest position. Chilton Capital Management LLC’s holdings in Procter & Gamble were worth $32,471,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Navigoe LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the 4th quarter worth about $31,000. Hoey Investments Inc. lifted its position in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after buying an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $34,000. Finally, 10Elms LLP acquired a new stake in shares of Procter & Gamble in the 4th quarter worth about $34,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Piper Sandler increased their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a report on Thursday, May 1st. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Truist Financial lowered their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.45.

Procter & Gamble Stock Performance

Shares of PG stock opened at $160.72 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The stock has a market cap of $376.82 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 4.58 and a beta of 0.40. The stock has a 50-day moving average of $162.10 and a 200-day moving average of $165.28. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.63%. Procter & Gamble’s payout ratio is currently 67.14%.

Insider Activity at Procter & Gamble

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

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.