Breakwater Capital Group Buys 1,292 Shares of The Procter & Gamble Company (NYSE:PG)

Breakwater Capital Group increased its holdings in The Procter & Gamble Company (NYSE:PG) by 30.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,587 shares of the company’s stock after buying an additional 1,292 shares during the period. Breakwater Capital Group’s holdings in Procter & Gamble were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Teza Capital Management LLC grew its holdings in Procter & Gamble by 212.9% in the third quarter. Teza Capital Management LLC now owns 4,284 shares of the company’s stock worth $625,000 after purchasing an additional 2,915 shares during the last quarter. Ellerson Group Inc. ADV purchased a new position in Procter & Gamble in the third quarter worth $120,000. Legacy Advisors LLC grew its holdings in Procter & Gamble by 16.4% in the third quarter. Legacy Advisors LLC now owns 19,112 shares of the company’s stock worth $2,788,000 after purchasing an additional 2,697 shares during the last quarter. Lakeshore Financial Planning Inc. purchased a new position in Procter & Gamble in the third quarter worth $546,000. Finally, Laird Norton Trust Company LLC grew its holdings in shares of Procter & Gamble by 12.7% during the third quarter. Laird Norton Trust Company LLC now owns 5,768 shares of the company’s stock valued at $841,000 after buying an additional 650 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the transaction, the chief executive officer now owns 19,042 shares in the company, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the sale, the chief executive officer now owns 4,004 shares in the company, valued at approximately $634,634. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 in the last 90 days. Insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 1.0 %

Shares of Procter & Gamble stock opened at $164.92 on Monday. The firm has a 50-day simple moving average of $165.60 and a two-hundred day simple moving average of $158.89. The company has a market cap of $389.23 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.41. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. As a group, equities analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio is 65.85%.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Barclays boosted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Monday, March 11th. Finally, Argus upped their price target on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $170.72.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.