The Procter & Gamble Company (NYSE:PG) Shares Sold by Strategic Planning Group LLC

Strategic Planning Group LLC cut its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 27.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,482 shares of the company’s stock after selling 6,480 shares during the quarter. Strategic Planning Group LLC’s holdings in Procter & Gamble were worth $2,837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advantage Trust Co acquired a new position in Procter & Gamble in the fourth quarter valued at approximately $28,000. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Naples Money Management LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $31,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $33,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Balaji Purushothaman sold 28,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the transaction, the insider now directly owns 11,507 shares of the company’s stock, valued at approximately $1,858,265.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total value of $135,517.50. Following the transaction, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at approximately $634,634. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total value of $4,581,309.81. Following the completion of the transaction, the insider now directly owns 11,507 shares in the company, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders have sold 154,544 shares of company stock valued at $25,413,051 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG traded up $0.26 during trading hours on Monday, reaching $168.52. 7,565,196 shares of the company traded hands, compared to its average volume of 6,579,720. The stock has a fifty day simple moving average of $164.85 and a 200 day simple moving average of $158.32. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $169.41. The stock has a market capitalization of $397.73 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. As a group, research analysts predict that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were paid a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s payout ratio is currently 65.85%.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. StockNews.com cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. The Goldman Sachs Group initiated coverage on Procter & Gamble in a research note on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. BNP Paribas initiated coverage on Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 price target for the company. Finally, Argus upped their price target on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.72.

Read Our Latest Analysis on PG

About Procter & Gamble

(Free Report)

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.

See Also

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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