Astoria Portfolio Advisors LLC. Sells 5,045 Shares of Procter & Gamble Company (The) (NYSE:PG)

Astoria Portfolio Advisors LLC. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 62.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,045 shares of the company's stock after selling 5,045 shares during the period. Astoria Portfolio Advisors LLC.'s holdings in Procter & Gamble were worth $505,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC grew its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the period. Berkshire Asset Management LLC PA lifted its holdings in shares of Procter & Gamble by 0.9% in the 4th quarter. Berkshire Asset Management LLC PA now owns 236,616 shares of the company's stock worth $38,833,000 after purchasing an additional 2,179 shares during the last quarter. Natural Investments LLC acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $2,121,000. Finally, Yoffe Investment Management LLC bought a new position in Procter & Gamble during the 4th quarter worth $1,874,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 1,000 shares of the business's 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. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial lowered their price objective 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. Royal Bank Of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Piper Sandler increased their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Raymond James Financial dropped their price objective on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Trading Down 0.3%

Procter & Gamble stock traded down $0.53 during midday trading on Thursday, reaching $160.67. The stock had a trading volume of 6,983,820 shares, compared to its average volume of 7,472,526. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The firm has a market cap of $376.69 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 4.59 and a beta of 0.40. The firm's fifty day simple moving average is $162.08 and its two-hundred day simple moving average is $165.44.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. Procter & Gamble's dividend payout ratio is currently 67.14%.

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.