Veriti Management LLC Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Veriti Management LLC boosted its stake in The Procter & Gamble Company (NYSE:PG – Get Rating) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,611 shares of the company’s stock after buying an additional 4,816 shares during the period. Procter & Gamble makes up approximately 0.6% of Veriti Management LLC’s portfolio, making the stock its 25th biggest position. Veriti Management LLC’s holdings in Procter & Gamble were worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. North Star Asset Management Inc. grew its position in Procter & Gamble by 1.4% in the 4th quarter. North Star Asset Management Inc. now owns 18,819 shares of the company’s stock valued at $3,078,000 after acquiring an additional 258 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $394,000. Liberty One Investment Management LLC grew its position in shares of Procter & Gamble by 2.9% during the fourth quarter. Liberty One Investment Management LLC now owns 132,985 shares of the company’s stock worth $21,754,000 after buying an additional 3,754 shares in the last quarter. Adviser Investments LLC grew its position in shares of Procter & Gamble by 3.1% during the fourth quarter. Adviser Investments LLC now owns 60,154 shares of the company’s stock worth $9,840,000 after buying an additional 1,793 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in shares of Procter & Gamble by 8.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 83,081 shares of the company’s stock worth $13,590,000 after buying an additional 6,550 shares in the last quarter. Hedge funds and other institutional investors own 63.64% of the company’s stock.

A number of brokerages have recently commented on PG. Raymond James boosted their price objective on Procter & Gamble from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Wells Fargo & Company decreased their target price on Procter & Gamble from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, June 1st. Barclays decreased their target price on Procter & Gamble from $176.00 to $157.00 and set an “overweight” rating for the company in a research note on Monday, May 23rd. Jefferies Financial Group boosted their price objective on Procter & Gamble from $179.00 to $185.00 in a research note on Thursday, April 21st. Finally, Evercore ISI set a $170.00 price objective on Procter & Gamble in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $163.80.

PG opened at $138.50 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.53. The firm has a market cap of $332.30 billion, a P/E ratio of 24.17, a PEG ratio of 3.74 and a beta of 0.40. The Procter & Gamble Company has a 52 week low of $129.50 and a 52 week high of $165.35. The business’s fifty day simple moving average is $149.68 and its 200 day simple moving average is $154.44.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Procter & Gamble had a return on equity of 32.39% and a net margin of 18.33%. The business had revenue of $19.38 billion for the quarter, compared to analyst estimates of $18.69 billion. During the same quarter last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that The Procter & Gamble Company will post 5.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 16th. Investors of record on Friday, April 22nd were given a dividend of $0.9133 per share. The ex-dividend date was Thursday, April 21st. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.87. This represents a $3.65 annualized dividend and a yield of 2.64%. Procter & Gamble’s dividend payout ratio is 63.70%.

In other news, CAO Matthew W. Janzaruk sold 334 shares of Procter & Gamble stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $162.43, for a total value of $54,251.62. Following the transaction, the chief accounting officer now directly owns 1,220 shares of the company’s stock, valued at approximately $198,164.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David S. Taylor sold 60,000 shares of Procter & Gamble stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $164.52, for a total value of $9,871,200.00. Following the completion of the transaction, the chairman now directly owns 253,933 shares in the company, valued at $41,777,057.16. The disclosure for this sale can be found here. Insiders have sold 108,415 shares of company stock worth $17,777,055 over the last quarter. 0.51% of the stock is currently owned by company insiders.

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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