Tsfg LLC Has $697,000 Stock Position in The Procter & Gamble Company (NYSE:PG)

Tsfg LLC grew its holdings in The Procter & Gamble Company (NYSE:PG) by 4.0% in the 1st quarter, Holdings Channel reports. The fund owned 4,294 shares of the company’s stock after purchasing an additional 166 shares during the quarter. Tsfg LLC’s holdings in Procter & Gamble were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AMF Tjanstepension AB raised its holdings in Procter & Gamble by 14.0% in the 1st quarter. AMF Tjanstepension AB now owns 401,611 shares of the company’s stock valued at $65,211,000 after acquiring an additional 49,236 shares in the last quarter. Norwood Financial Corp raised its stake in shares of Procter & Gamble by 5.3% in the first quarter. Norwood Financial Corp now owns 3,080 shares of the company’s stock valued at $500,000 after purchasing an additional 155 shares in the last quarter. Sendero Wealth Management LLC lifted its position in Procter & Gamble by 0.7% in the first quarter. Sendero Wealth Management LLC now owns 16,619 shares of the company’s stock worth $2,696,000 after purchasing an additional 116 shares during the period. Capital Asset Advisory Services LLC boosted its stake in Procter & Gamble by 2.9% during the first quarter. Capital Asset Advisory Services LLC now owns 43,239 shares of the company’s stock worth $6,750,000 after buying an additional 1,229 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Procter & Gamble by 12.2% in the 1st quarter. Artemis Investment Management LLP now owns 58,476 shares of the company’s stock valued at $9,483,000 after buying an additional 6,345 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at approximately $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the insider now owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 in the last quarter. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PG shares. StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Jefferies Financial Group upped their price objective on Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Argus boosted their price target on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Barclays increased their price objective on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Finally, BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday, June 24th. They issued an “outperform” rating and a $187.00 target price on the stock. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.72.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $164.92 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $165.60 and a 200 day simple moving average of $158.81. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The firm has a market cap of $389.23 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.38 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last released 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 return on equity of 33.91% and a net margin of 18.00%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s dividend payout ratio (DPR) is 65.69%.

Procter & Gamble Company 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.