The Procter & Gamble Company (NYSE:PG) Shares Sold by Martin Capital Partners LLC

Martin Capital Partners LLC lowered its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,607 shares of the company’s stock after selling 262 shares during the period. Procter & Gamble accounts for 2.4% of Martin Capital Partners LLC’s investment portfolio, making the stock its 17th largest position. Martin Capital Partners LLC’s holdings in Procter & Gamble were worth $1,978,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its stake 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 during the last quarter. Navigoe LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Hoey Investments Inc. lifted its stake in shares of Procter & Gamble by 321.7% in the 4th 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 last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This 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 company insiders.

Procter & Gamble Trading Up 0.1%

PG opened at $162.68 on Wednesday. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a market cap of $381.40 billion, a P/E ratio of 25.90, a PEG ratio of 3.76 and a beta of 0.43. 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 business’s 50-day simple moving average is $163.67 and its 200-day simple moving average is $167.08.

Procter & Gamble (NYSE:PG) last released 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 the consensus estimate of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 66.98%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PG shares. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $190.00 price target (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble 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.