one8zero8 LLC Sells 353 Shares of Procter & Gamble Company (The) (NYSE:PG)

one8zero8 LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,854 shares of the company’s stock after selling 353 shares during the period. one8zero8 LLC’s holdings in Procter & Gamble were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $9,457,000,000 after buying an additional 1,267,419 shares during the last quarter. Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Franklin Resources Inc. lifted its stake in Procter & Gamble by 6.4% during the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Procter & Gamble by 13.6% during the fourth quarter. Invesco Ltd. now owns 11,265,453 shares of the company’s stock valued at $1,888,653,000 after purchasing an additional 1,345,501 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 0.3%

Shares of PG stock opened at $158.28 on Friday. The company has a market capitalization of $371.10 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 4.51 and a beta of 0.40. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The company’s fifty day moving average price is $161.02 and its 200-day moving average price is $164.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued 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 business had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Analyst Ratings Changes

PG has been the topic of several research reports. Barclays raised their target price on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Truist Financial dropped their price target on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Piper Sandler lifted 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. Bank of America lowered their target price 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, JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.12.

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.