Quintet Private Bank Europe S.A. Acquires 83,188 Shares of The Procter & Gamble Company (NYSE:PG)

Quintet Private Bank Europe S.A. lifted its holdings in The Procter & Gamble Company (NYSE:PG) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 537,468 shares of the company’s stock after acquiring an additional 83,188 shares during the quarter. Procter & Gamble accounts for 4.9% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 5th biggest position. Quintet Private Bank Europe S.A.’s holdings in Procter & Gamble were worth $78,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advantage Trust Co purchased a new position in Procter & Gamble during the fourth quarter valued at $28,000. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $29,000. Naples Money Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Criterion Capital Advisors LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Procter & Gamble during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.2 %

Shares of NYSE:PG traded up $0.38 during trading on Friday, hitting $166.79. 3,694,974 shares of the company were exchanged, compared to its average volume of 4,965,412. The stock has a market capitalization of $393.65 billion, a P/E ratio of 27.26, a PEG ratio of 3.38 and a beta of 0.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The Procter & Gamble Company has a 12-month low of $141.45 and a 12-month high of $168.97. The firm’s 50 day moving average price is $163.40 and its 200-day moving average price is $157.46.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 annualized dividend and a yield of 2.41%. Procter & Gamble’s dividend payout ratio is 65.85%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R. Alexandra Keith sold 855 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. 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. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Monday, March 11th. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Finally, Barclays lifted their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Company 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.