Redwood Investments LLC Has $301,000 Position in The Procter & Gamble Company (NYSE:PG)



Redwood Investments LLC cut its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 27.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,971 shares of the company’s stock after selling 734 shares during the period. Redwood Investments LLC’s holdings in Procter & Gamble were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canal Capital Management LLC raised its holdings in Procter & Gamble by 1.6% in the first quarter. Canal Capital Management LLC now owns 4,803 shares of the company’s stock worth $734,000 after purchasing an additional 77 during the period. Pinnacle Wealth Planning Services Inc. its raised holdings in Procter & Gamble by 11.3% in the first quarter. Pinnacle Wealth Planning Services Inc. Now owns 15,716 shares of the company’s stock shares worth $2,401,000 after purchasing an additional 1,590 during the period. Red Door Wealth Management LLC raised its holdings in Procter & Gamble by 7.9% in the first quarter. Red Door Wealth Management LLC now owns 28,340 shares of the company’s stock worth $4,330,000 after purchasing an additional 2,069 shares during the period. Essex LLC increased its position in shares of Procter & Gamble by 9.3% during the first quarter. Essex LLC now owns 27,716 shares of the company’s stock worth $4,235,000 after acquiring an additional 2,364 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Procter & Gamble during the first quarter worth $1,295,000. Institutional investors own 63.64% of the company’s stock.

In other news, CAO Matthew W. Janzaruk sold 334 shares of the firm’s stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $162.43, for a total transaction of $54,251.62. Following the completion of the sale, the chief accounting officer now owns 1,220 shares in the company, valued at approximately $198,164.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 18,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the sale, the chief executive officer now owns 7,020 shares of the company’s stock, valued at approximately $1,151,982. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is currently owned by corporate insiders.

Shares of PG stock opened at $146.11 on Tuesday. The stock has a market cap of $350.56 billion, a P/E ratio of 25.50, a P/E/G ratio of 3.91 and a beta of 0.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.68 and a quick ratio of 0.47. The company has a fifty day moving average price of $146.98 and a two-hundred day moving average price of $153.74. The Procter & Gamble Company has a one year low of $129.50 and a one year high of $165.35.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $18.69 billion. Procter & Gamble had a net margin of 18.33% and a return on equity of 32.39%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, April 22nd were paid a dividend of $0.9133 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, April 21st. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.87. Procter & Gamble’s dividend payout ratio (DPR) is currently 63.70%.

Several brokerages have recently issued reports on PG. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Raymond James increased their objective price on shares of Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. JPMorgan Chase & Co. downgraded shares of Procter & Gamble from an “overweight” rating to a “neutral” rating and lowered their objective price for the stock from $181.00 to $165.00 in a research report on Wednesday, March 30th. Evercore ISI set a $170.00 target price on shares of Procter & Gamble in a research report on Monday, June 20th. Finally, Credit Suisse Group raised their target price on shares of Procter & Gamble from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 21st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.64.

Procter & Gamble Company Profile (Get Rating)

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)



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