Dash Acquisitions Inc. Raises Stake in The Procter & Gamble Company (NYSE:PG)

Dash Acquisitions Inc. increased its holdings in The Procter & Gamble Company (NYSE:PG – Free Report ) by 45.6% in the 1st quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The institutional investor holds 37,026 shares of the company’s stock after purchasing an additional 11,591 shares during the period. Procter & Gamble comprises about 1.8% of Dash Acquisitions Inc.’s portfolio, making it the 18th-largest stock. Dash Acquisitions Inc.’s stake in Procter & Gamble was worth $5,812,000 at the end of the last quarter.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Procter & Gamble by 9.4% in the 3rd quarter. Wellington Management Group LLP now owns 35,608,913 shares of the company’s stock worth $5,193,916,000 after purchasing an additional 3,047,557 shares in the last quarter. Norges Bank acquired a new position in Procter & Gamble in the 4th quarter worth $3,956,117,000. Charles Schwab Investment Management Inc. increased its holdings in Procter & Gamble by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 16,209,425 shares of the company’s stock worth $2,336,552,000 after purchasing an additional 206,165 shares in the last quarter. Royal Bank of Canada increased its holdings in Procter & Gamble by 3.2% in the third quarter. Royal Bank of Canada now owns 11,170,305 shares of the company’s stock worth $1,629,299,000 after purchasing an additional 346,925 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Procter & Gamble by 5.6% in the fourth quarter. Fisher Asset Management LLC now owns 10,556,988 shares of the company’s stock worth $1,547,021,000 after purchasing an additional 559,358 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble stock results

NYSE PG opened at $163.93 on Wednesday. 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 company has a market capitalization of $386.90 billion, a P/E ratio of 26.79, a P/E/G ratio of 3.35 and a beta of 0.41. The stock has a 50 day moving average of $165.65 and a 200 day moving average of $159.01. Procter & Gamble Company has a one-year low of $141.45 and a one-year high of $169.41.

Procter & Gamble (NYSE:PG – Get Free Report) last announced its quarterly earnings data on Friday, April 19. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $20.43 billion. During the same quarter last year, the company reported earnings per share of $1.37. The company’s quarterly revenue increased by 0.6% compared to the same quarter last year. Analysts predict that Procter & Gamble Company will post 6.55 EPS for the current year.

Procter & Gamble increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15. Shareholders of record on Friday, April 19 received a dividend of $1.0065. This represents an annual dividend of $4.03 and a dividend yield of 2.46%. The ex-dividend date was Thursday, April 18. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s Dividend Payout Ratio (DPR) is currently 65.85%.

Insiders are betting

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the CEO now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of the company’s stock in a transaction that occurred on Monday, May 20. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the CEO now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in legal documents filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22. The shares were sold at an average price of $158.50, for a total transaction value of $135,517.50. Following the sale, the CEO now owns 4,004 shares of the company’s stock, valued at approximately $634,634. Disclosure of this sale can be found here. Insiders have sold 154,544 shares of the company’s stock valued at $25,413,051 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Analysts set new price targets

PG has been the subject of several research reports. StockNews.com raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25. Jefferies Financial Group raised their price target for Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, April 22. Argus raised their price target for Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25. Deutsche Bank Aktiengesellschaft lowered their price target for Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, April 22. Finally, Barclays raised their price target on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23. Six investment analysts have rated the stock a “hold,” while fourteen have rated the stock a “buy.” The company has an average rating of “Moderate Buy” and a consensus price target of $170.72, according to data from MarketBeat.com.

Check out our latest stock report on Procter & Gamble

Procter & Gamble Company Profile

(Free report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates in five segments: Beauty; Grooming; Health Care; Fabrics and Home Care; and Baby, Women’s 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, body cleansers, and skin care under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

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