Elyxium Wealth LLC Sells 4,229 Shares of The Procter & Gamble Company (NYSE:PG)

Elyxium Wealth LLC trimmed its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,554 shares of the company's stock after selling 4,229 shares during the quarter. Procter & Gamble comprises 1.3% of Elyxium Wealth LLC's investment portfolio, making the stock its 21st biggest position. Elyxium Wealth LLC's holdings in Procter & Gamble were worth $2,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC lifted its holdings in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Hoey Investments Inc. grew its position in Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Procter & Gamble during the 4th quarter worth $34,000. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after acquiring an additional 101 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock traded up $3.22 during trading hours on Monday, reaching $160.88. The company's stock had a trading volume of 7,377,671 shares, compared to its average volume of 7,202,378. The company's 50 day simple moving average is $165.92 and its 200 day simple moving average is $167.54. 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 Procter & Gamble Company has a one year low of $156.30 and a one year high of $180.43. The stock has a market cap of $377.18 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share 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 the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. As a group, analysts expect that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.0568 per share. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date is Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.63%. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble 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 transaction of $1,669,208.40. Following the completion of the sale, the insider now directly owns 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 35,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $173.68, for a total value of $6,078,800.00. Following the sale, the chief executive officer now owns 22,051 shares of the company's stock, valued at $3,829,817.68. The trade was a 61.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,520 shares of company stock valued at $10,999,268. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. DA Davidson reissued a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Bank of America dropped their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Truist Financial dropped their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Barclays reissued an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.52.

Procter & Gamble Company Profile

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.