The Procter & Gamble Company (NYSE:PG) Shares Sold by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,621 shares of the company’s stock after selling 144 shares during the quarter. Adamsbrown Wealth Consultants LLC’s holdings in Procter & Gamble were worth $276,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC purchased a new stake in Procter & Gamble during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at $31,000. Hoey Investments Inc. grew its position in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 2.0%

Shares of NYSE PG opened at $162.62 on Friday. The company has a market capitalization of $381.27 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The business has a 50-day moving average of $164.14 and a two-hundred day moving average of $167.32. The Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. Procter & Gamble’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.60%. Procter & Gamble’s payout ratio is 66.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PG shares. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $164.00 to $177.00 in a research note on Friday, April 25th. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research report on Monday, February 10th. Truist Financial decreased their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Bank of America decreased their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Citigroup decreased their price objective on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction 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. This represents a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Procter & Gamble Company Profile

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.