Cypress Capital Management LLC lifted its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 31,372 shares of the company’s stock after acquiring an additional 200 shares during the period. Cypress Capital Management LLC’s holdings in The Procter & Gamble were worth $4,249,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Emerson Wealth Management LLC bought a new position in The Procter & Gamble during the 1st quarter valued at about $26,000. Greenhouse Wealth Management LLC bought a new position in The Procter & Gamble during the 4th quarter valued at about $31,000. Luken Investment Analytics LLC bought a new position in The Procter & Gamble during the 4th quarter valued at about $34,000. Grant Street Asset Management Inc. bought a new position in The Procter & Gamble during the 4th quarter valued at about $43,000. Finally, Goodwin Investment Advisory bought a new position in The Procter & Gamble during the 1st quarter valued at about $43,000. 62.97% of the stock is owned by institutional investors.
NYSE PG traded down $1.28 during trading on Friday, reaching $134.51. 258,918 shares of the stock traded hands, compared to its average volume of 8,559,963. The company has a market capitalization of $329.31 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 3.50 and a beta of 0.43. The firm’s 50-day moving average is $135.69. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The Procter & Gamble Company has a fifty-two week low of $113.76 and a fifty-two week high of $146.92.
The Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Monday, April 19th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.07. The Procter & Gamble had a net margin of 18.97% and a return on equity of 31.71%. The firm had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $18 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that The Procter & Gamble Company will post 5.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 17th. Shareholders of record on Friday, April 23rd were paid a $0.8698 dividend. The ex-dividend date was Thursday, April 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.59%. This is a positive change from The Procter & Gamble’s previous quarterly dividend of $0.79. The Procter & Gamble’s payout ratio is presently 67.97%.
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of The Procter & Gamble from $153.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, April 16th. Morgan Stanley lowered their price objective on shares of The Procter & Gamble from $165.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, April 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Procter & Gamble from $159.00 to $158.00 and set a “buy” rating for the company in a research report on Wednesday, April 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and issued a $150.00 price objective (down previously from $165.00) on shares of The Procter & Gamble in a research report on Tuesday, April 27th. Finally, Citigroup cut shares of The Procter & Gamble from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 21st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $148.93.
In other news, CEO R. Alexandra Keith sold 12,668 shares of the business’s stock in a transaction on Wednesday, April 21st. The shares were sold at an average price of $137.99, for a total value of $1,748,057.32. Following the sale, the chief executive officer now owns 29,017 shares of the company’s stock, valued at $4,004,055.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Deborah P. Majoras sold 12,872 shares of the business’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $135.47, for a total transaction of $1,743,769.84. In the last ninety days, insiders sold 2,219,280 shares of company stock worth $299,094,832. Insiders own 0.70% of the company’s stock.
About The Procter & Gamble
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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