The Procter & Gamble Company (NYSE:PG) holdings were raised by New Century Financial Group LLC

New Century Financial Group LLC raised its holdings in The Procter & Gamble Company (NYSE:PG – Free Report) by 286.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,898 shares of the company’s stock after acquiring an additional 4,372 shares during the period. New Century Financial Group LLC’s holdings in Procter & Gamble were worth $973,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PG. Wulff Hansen & CO. boosted its holdings in shares of Procter & Gamble by 16,292.0% during the second quarter. Wulff Hansen & CO. now owns 3,675,902 shares of the company’s stock worth $606,230,000 after buying an additional 3,653,477 shares during the period. TD Asset Management Inc raised its stake in shares of Procter & Gamble by 114.9% in the first quarter. TD Asset Management Inc now owns 3,568,671 shares of the company’s stock valued at $579,017,000 after buying an additional 1,907,716 shares during the period. Swedbank AB purchased a new position in shares of Procter & Gamble in the first quarter valued at $233,788,000. Ilex Capital Partners UK LLP purchased a new position in shares of Procter & Gamble in the first quarter worth $228,212,000. Finally, Capital Research Global Investors boosted its holdings in shares of Procter & Gamble by 24.4% in the first quarter. Capital Research Global Investors now owns 5,560,887 shares of the company’s stock worth $902,254,000 after purchasing an additional 1,089,102 shares in the last quarter. 65.77% of the shares are currently held by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $173.14 on Tuesday. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53, and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $170.88 and a 200 day simple moving average of $166.28. The firm has a market cap of $408.63 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company had revenue of $20.53 billion during the quarter, compared to analysts’ expectations of $20.69 billion. In the same quarter last year, the company posted EPS of $1.37. The company’s revenue fell 0.1% year over year. sell-side analysts expect that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, July 19. This represents an annualized dividend of $4.03 and a dividend yield of 2.33%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insider trading at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares of the company’s stock, valued at $1,902,451.30. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In related news, insider Susan Street Whaley sold 450 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total transaction of $76,149.00. Following the completion of the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,553 shares of company stock worth $63,829,141. Corporate insiders own 0.17% of the company’s shares.

Changes in Analyst Ratings

PG has been the subject of several research reports. Evercore ISI boosted their target price on Procter & Gamble from $177.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Wolfe Research upgraded Procter & Gamble to a “strong-buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Dbs Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Piper Sandler started coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $175.89, according to MarketBeat.com.

Get our latest analysis on PG

Procter & Gamble profile

(Free Report)

The Procter & Gamble Company provides packaged consumer goods worldwide. It operates through five segments: Beauty; Care; Health; Fabrics and Home Care; and Baby, Women and 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 cleaning and skin care products under the Olay, Old Spice, Safeguard, Secret and SK-II brands.

Featured stories

Want to see what other hedge funds own PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Procter & Gamble Company (NYSE:PG – Free Report).

Get Procter & Gamble news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Procter & Gamble and related companies with MarketBeat.com’s FREE daily email newsletter.