Asio Capital LLC Sells 6,426 Shares of The Procter & Gamble Company (NYSE:PG)

Asio Capital LLC reduced its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 32.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,171 shares of the company's stock after selling 6,426 shares during the quarter. Asio Capital LLC's holdings in Procter & Gamble were worth $2,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hengehold Capital Management LLC lifted its holdings in Procter & Gamble by 5.4% in the 1st quarter. Hengehold Capital Management LLC now owns 397,331 shares of the company's stock valued at $67,713,000 after acquiring an additional 20,320 shares during the last quarter. Brighton Jones LLC lifted its stake in Procter & Gamble by 8.2% during the first quarter. Brighton Jones LLC now owns 43,336 shares of the company's stock valued at $7,385,000 after purchasing an additional 3,268 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Procter & Gamble by 30.5% during the first quarter. Exchange Traded Concepts LLC now owns 95,525 shares of the company's stock worth $16,279,000 after buying an additional 22,302 shares in the last quarter. Pinion Investment Advisors LLC grew its position in Procter & Gamble by 9.5% in the first quarter. Pinion Investment Advisors LLC now owns 6,318 shares of the company's stock worth $1,077,000 after buying an additional 550 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC bought a new position in shares of Procter & Gamble in the first quarter valued at $259,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE PG traded down $3.12 during trading on Friday, reaching $160.06. The company's stock had a trading volume of 7,093,816 shares, compared to its average volume of 7,381,974. The firm has a 50 day moving average price of $163.75 and a 200 day moving average price of $166.73. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The firm has a market capitalization of $375.27 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Procter & Gamble's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $164.00 to $177.00 in a report on Friday, April 25th. Truist Financial decreased their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, May 1st. Finally, Citigroup cut their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Eight 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.86.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% 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 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.