The Procter & Gamble Company (NYSE:PG) Stock Position Lifted by Retirement Planning Group LLC

Retirement Planning Group LLC lifted its stake in shares of The Procter & Gamble Company (NYSE:PGFree Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,424 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Retirement Planning Group LLC’s holdings in Procter & Gamble were worth $718,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PG. Advantage Trust Co acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $28,000. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $29,000. Naples Money Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC acquired a new position in Procter & Gamble in the fourth quarter worth approximately $31,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now directly owns 19,042 shares of the company’s stock, valued at $3,179,061.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar G. Raman sold 31,924 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the sale, the chief executive officer now owns 19,042 shares in the company, valued at $3,179,061.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 28,369 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the completion of the sale, the insider now directly owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. In the last three months, insiders sold 154,544 shares of company stock valued at $25,413,051. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Down 0.9 %

Shares of PG traded down $1.60 during mid-day trading on Tuesday, hitting $166.85. 7,966,608 shares of the company’s stock were exchanged, compared to its average volume of 6,597,169. The company has a quick ratio of 0.48, a current ratio of 0.69 and a debt-to-equity ratio of 0.49. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $169.41. The firm has a fifty day moving average of $164.85 and a two-hundred day moving average of $158.32. The stock has a market cap of $393.79 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 3.42 and a beta of 0.42.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were given a $1.0065 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.41%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.69%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PG. Argus raised their price objective on Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Barclays lifted their price target on Procter & Gamble from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. BNP Paribas assumed coverage on shares of Procter & Gamble in a research note on Monday. They set an “outperform” rating and a $187.00 price objective for the company. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Monday, March 11th. Finally, StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.72.

Get Our Latest Stock 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.

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

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