The Procter & Gamble Company (NYSE:PG) is Ferguson Wellman Capital Management Inc.’s 6th Largest Position

Ferguson Wellman Capital Management Inc. raised its holdings in The Procter & Gamble Company (NYSE:PG) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,665 shares of the company’s stock after purchasing an additional 13,851 shares during the period. Procter & Gamble accounts for approximately 2.9% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Ferguson Wellman Capital Management Inc.’s holdings in Procter & Gamble were worth $147,015,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PG. Cladis Investment Advisory LLC lifted its position in shares of Procter & Gamble by 5.2% in the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company’s stock valued at $806,000 after acquiring an additional 236 shares in the last quarter. FAS Wealth Partners Inc. raised its stake in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company’s stock valued at $4,642,000 after purchasing an additional 549 shares during the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Procter & Gamble by 0.9% during the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Strategic Advisors LLC grew its holdings in shares of Procter & Gamble by 3.4% during the fourth quarter. Strategic Advisors LLC now owns 55,912 shares of the company’s stock worth $9,374,000 after buying an additional 1,818 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $2,121,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’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 transaction, the insider now owns 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent analyst reports. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price for the company. in a research note on Thursday, May 1st. Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. Piper Sandler upped their price objective 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, Barclays reissued an “equal weight” rating on shares of Procter & Gamble in a research report on Thursday, March 27th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.86.

Procter & Gamble Trading Down 0.4%

Shares of PG opened at $162.19 on Thursday. The Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The stock has a 50-day moving average price of $163.64 and a 200 day moving average price of $167.05. 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 company has a market capitalization of $380.25 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.76 and a beta of 0.43.

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

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.61%. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

About Procter & Gamble

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.