Catalina Capital Group LLC Purchases 6,432 Shares of The Procter & Gamble Company (NYSE:PG)

Catalina Capital Group LLC raised its position in The Procter & Gamble Company (NYSE:PG) by 184.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,910 shares of the company’s stock after acquiring an additional 6,432 shares during the quarter. Procter & Gamble makes up 0.7% of Catalina Capital Group LLC’s investment portfolio, making the stock its 25th largest position. Catalina Capital Group LLC’s holdings in Procter & Gamble were worth $1,608,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 28,369 shares of Procter & Gamble 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 sale, the insider now owns 11,507 shares in the company, valued at $1,858,265.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 approximately $1,858,265.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar G. Raman sold 31,924 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,544 shares of company stock worth $25,413,051. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PG shares. Barclays upped their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group lifted their target price 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. Finally, StockNews.com upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Tuesday, June 25th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

Procter & Gamble Stock Performance

NYSE PG traded up $1.07 on Wednesday, hitting $166.73. 5,036,807 shares of the company traded hands, compared to its average volume of 6,528,171. 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 business’s 50 day moving average price is $165.97 and its 200-day moving average price is $159.85. The company has a market capitalization of $393.51 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 3.18 and a beta of 0.41. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $169.41.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $20.43 billion. During the same period in the previous year, the company posted $1.37 EPS. The firm’s revenue was up .6% on a year-over-year basis. Equities analysts expect that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, July 19th will be issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

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.