Asset Dedication LLC Decreases Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Asset Dedication LLC reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,273 shares of the company's stock after selling 2,673 shares during the period. Asset Dedication LLC's holdings in Procter & Gamble were worth $3,796,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PG. Navigoe LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at $31,000. Hoey Investments Inc. lifted its holdings in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after buying an additional 148 shares during the period. 10Elms LLP bought a new position in shares of Procter & Gamble during the 4th quarter worth $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG traded down $3.10 during midday trading on Monday, reaching $153.95. The company's stock had a trading volume of 3,659,496 shares, compared to its average volume of 8,224,417. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $161.77 and a 200 day moving average of $164.88. Procter & Gamble Company has a twelve month low of $152.86 and a twelve month high of $180.43. The firm has a market capitalization of $360.94 billion, a PE ratio of 24.44, a P/E/G ratio of 4.47 and a beta of 0.40.

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 the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The firm's revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 earnings per share. On average, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

Insider Buying and Selling

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider owned 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $8,386,111.70. This trade 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.

Analyst Ratings Changes

Several brokerages have issued reports on PG. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. Bank of America dropped their price objective on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Raymond James Financial reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Truist Financial dropped their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $177.45.

Procter & Gamble 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.