Global X Japan Co. Ltd. Acquires 622 Shares of Procter & Gamble Company (The) (NYSE:PG)

Global X Japan Co. Ltd. raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 20.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,689 shares of the company’s stock after buying an additional 622 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Procter & Gamble were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Friedenthal Financial lifted its stake in Procter & Gamble by 1,421.2% in the first quarter. Friedenthal Financial now owns 502 shares of the company’s stock valued at $86,000 after buying an additional 469 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its position in Procter & Gamble by 151.0% in the 1st quarter. Heartwood Wealth Advisors LLC now owns 9,501 shares of the company’s stock valued at $1,619,000 after acquiring an additional 5,715 shares in the last quarter. Centennial Wealth Advisory LLC lifted its holdings in shares of Procter & Gamble by 5.8% in the first quarter. Centennial Wealth Advisory LLC now owns 4,311 shares of the company’s stock valued at $735,000 after purchasing an additional 237 shares in the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of Procter & Gamble by 2.8% in the first quarter. Bigelow Investment Advisors LLC now owns 11,764 shares of the company’s stock valued at $2,005,000 after purchasing an additional 316 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Procter & Gamble by 1.2% in the first quarter. Johnson Investment Counsel Inc. now owns 2,339,447 shares of the company’s stock valued at $398,688,000 after purchasing an additional 26,616 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PG shares. Piper Sandler boosted their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Citigroup cut their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Finally, Bank of America cut their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Procter & Gamble Price Performance

NYSE:PG opened at $157.86 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $163.63 and its two-hundred day moving average price is $166.40. The firm has a market capitalization of $370.11 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 4.67 and a beta of 0.43. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were issued a $1.0568 dividend. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s dividend payout ratio is currently 67.14%.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.