Asahi Life Asset Management CO. LTD. Sells 2,448 Shares of Procter & Gamble Company (The) (NYSE:PG)

Asahi Life Asset Management CO. LTD. decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,128 shares of the company's stock after selling 2,448 shares during the quarter. Procter & Gamble makes up approximately 1.4% of Asahi Life Asset Management CO. LTD.'s portfolio, making the stock its 21st largest holding. Asahi Life Asset Management CO. LTD.'s holdings in Procter & Gamble were worth $2,237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PG. Norges Bank bought a new position in Procter & Gamble during the fourth quarter worth $5,244,463,000. GAMMA Investing LLC increased its position in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the period. Capital Research Global Investors increased its position in Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock worth $1,240,294,000 after acquiring an additional 2,846,560 shares during the period. Northern Trust Corp increased its position in Procter & Gamble by 10.1% during the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Procter & Gamble by 15.8% during 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 buying an additional 2,224,912 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday. Piper Sandler lifted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $177.45.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business'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 directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $156.95 on Monday. The stock has a 50-day simple moving average of $161.77 and a 200 day simple moving average of $164.88. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a 12-month low of $155.70 and a 12-month high of $180.43. The stock has a market capitalization of $367.98 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 4.47 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The business had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble's dividend payout ratio is 67.14%.

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.

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