Shepherd Financial Partners LLC Has $3.19 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

Shepherd Financial Partners LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,711 shares of the company’s stock after buying an additional 517 shares during the period. Shepherd Financial Partners LLC’s holdings in Procter & Gamble were worth $3,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC raised its stake in Procter & Gamble by 5.2% in the 4th 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 during the period. FAS Wealth Partners Inc. increased its holdings in shares of Procter & Gamble by 2.0% in the fourth 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 increased its holdings in shares of Procter & Gamble by 0.9% in the fourth quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company’s stock valued at $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Natural Investments LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $2,121,000. Finally, O Brien Greene & Co. Inc lifted its stake in shares of Procter & Gamble by 5.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 3,085 shares of the company’s stock worth $517,000 after buying an additional 160 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction dated 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 directly owns 25,182 shares of the company’s stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Down 1.5%

Shares of NYSE PG opened at $158.53 on Wednesday. The stock has a market capitalization of $371.67 billion, a P/E ratio of 25.16, a PEG ratio of 4.74 and a beta of 0.43. The stock’s fifty day moving average is $163.73 and its 200 day moving average is $166.46. Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed 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 an increase from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble’s payout ratio is currently 67.14%.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Barclays reaffirmed an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Erste Group Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Truist Financial reduced their price target 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. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $178.86.

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.