Integral Investment Advisors Inc. Decreases Stake in The Procter & Gamble Company (NYSE:PG)

Integral Investment Advisors Inc. trimmed its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 37.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,908 shares of the company’s stock after selling 5,864 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Procter & Gamble were worth $1,688,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PG. Vanguard Group Inc. lifted its stake in Procter & Gamble by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company’s stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Procter & Gamble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 56,472,195 shares of the company’s stock worth $9,457,000,000 after buying an additional 1,267,419 shares during the period. Norges Bank acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $5,244,463,000. Northern Trust Corp increased its holdings in shares of Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Procter & Gamble by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 20,197,996 shares of the company’s stock valued at $3,386,194,000 after acquiring an additional 1,209,275 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PG shares. Erste Group Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Redburn Atlantic cut 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. Piper Sandler boosted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 target price (up previously from $170.00) on shares of Procter & Gamble in a research report on Tuesday, June 3rd. Eight 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Price Performance

Shares of PG opened at $162.68 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm has a market cap of $381.40 billion, a PE ratio of 25.90, a PEG ratio of 3.76 and a beta of 0.43. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The firm’s 50 day moving average price is $163.67 and its 200 day moving average price is $167.08.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. This is an increase 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 dividend payout ratio is presently 66.98%.

Insider Transactions at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now owns 25,182 shares of the company’s stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the 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 sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate 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.