Constitution Capital LLC Has $4.68 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Constitution Capital LLC raised its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,857 shares of the company’s stock after buying an additional 3,200 shares during the quarter. Procter & Gamble comprises 2.6% of Constitution Capital LLC’s investment portfolio, making the stock its 10th largest holding. Constitution Capital LLC’s holdings in Procter & Gamble were worth $4,682,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Advantage Trust Co acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $28,000. Naples Money Management LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth about $29,000. Wyrmwood Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $31,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Procter & Gamble during the fourth quarter worth about $33,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Argus lifted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, April 25th. BNP Paribas initiated coverage on shares of Procter & Gamble in a report on Monday. They issued an “outperform” rating and a $187.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Finally, 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 report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.72.

Procter & Gamble Stock Down 0.5 %

Shares of NYSE PG opened at $166.62 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $393.25 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The firm’s 50-day moving average is $165.28 and its 200-day moving average is $158.54. The Procter & Gamble Company has a 1 year low of $141.45 and a 1 year high of $169.41.

Procter & Gamble (NYSE:PG) last issued its 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 company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts expect that The Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, April 18th. Procter & Gamble’s payout ratio is presently 65.85%.

Insider Activity at Procter & Gamble

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

Procter & Gamble 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.