Coston McIsaac & Partners Raises Stock Position in The Procter & Gamble Company (NYSE:PG)

Coston McIsaac & Partners boosted its position in The Procter & Gamble Company (NYSE:PG) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,275 shares of the company’s stock after purchasing an additional 452 shares during the quarter. Procter & Gamble comprises 2.3% of Coston McIsaac & Partners’ holdings, making the stock its 10th biggest position. Coston McIsaac & Partners’ holdings in Procter & Gamble were worth $7,020,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Symphony Financial Ltd. Co. increased its stake in Procter & Gamble by 5.0% during the 1st quarter. Symphony Financial Ltd. Co. now owns 11,215 shares of the company’s stock valued at $1,820,000 after buying an additional 537 shares during the period. Vicus Capital increased its stake in Procter & Gamble by 64.4% during the 1st quarter. Vicus Capital now owns 5,079 shares of the company’s stock valued at $824,000 after buying an additional 1,990 shares during the period. Private Ocean LLC increased its stake in Procter & Gamble by 6.2% during the 1st quarter. Private Ocean LLC now owns 4,733 shares of the company’s stock valued at $768,000 after buying an additional 277 shares during the period. Trinity Financial Advisors LLC increased its stake in Procter & Gamble by 7.4% during the 1st quarter. Trinity Financial Advisors LLC now owns 3,223 shares of the company’s stock valued at $523,000 after buying an additional 222 shares during the period. Finally, Baker Ellis Asset Management LLC increased its stake in Procter & Gamble by 18.2% during the 1st quarter. Baker Ellis Asset Management LLC now owns 3,627 shares of the company’s stock valued at $588,000 after buying an additional 559 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PG shares. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. Argus lifted their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $170.72.

Insider Buying and Selling

In related news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the completion of the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 1.0 %

PG stock traded down $1.70 during trading hours on Friday, hitting $164.92. The company’s stock had a trading volume of 9,253,317 shares, compared to its average volume of 6,088,934. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $389.23 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.42. The Procter & Gamble Company has a 12 month low of $141.45 and a 12 month high of $169.41. The stock has a 50 day moving average price of $165.60 and a two-hundred day moving average price of $158.81.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, equities research analysts expect 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. Investors of record on Friday, April 19th were issued a dividend of $1.0065 per share. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

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.