Chatham Capital Group Inc. lifted its stake in shares of The Procter & Gamble Company (NYSE:PG – Free Report) 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
View Our Latest Report on Procter & Gamble
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 – Get Free Report) 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.
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