Chatham Capital Group Inc. Boosts Position in The Procter & Gamble Company (NYSE:PG)

Chatham Capital Group Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,226 shares of the company’s stock after acquiring an additional 536 shares during the period. Procter & Gamble accounts for approximately 1.1% of Chatham Capital Group Inc.’s portfolio, making the stock its 23rd biggest position. Chatham Capital Group Inc.’s holdings in Procter & Gamble were worth $6,202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Advantage Trust Co acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $28,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth about $29,000. Naples Money Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $31,000. Finally, Criterion Capital Advisors LLC acquired a new position in Procter & Gamble in the 4th quarter valued at about $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other news, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at $634,634. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Barclays boosted their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 23rd. BNP Paribas initiated coverage on Procter & Gamble in a research report on Monday, June 24th. They set an “outperform” rating and a $187.00 price objective for the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, Jefferies Financial Group boosted their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.72.

Procter & Gamble Price Performance

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

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, beating analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were paid a $1.0065 dividend. The ex-dividend date was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.44%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is currently 65.85%.

Procter & Gamble Profile

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.