Beese Fulmer Investment Management Inc. Has $20.60 Million Holdings in The Procter & Gamble Company (NYSE:PG)

Beese Fulmer Investment Management Inc. increased its holdings in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,884 shares of the company's stock after buying an additional 1,984 shares during the quarter. Procter & Gamble comprises approximately 1.8% of Beese Fulmer Investment Management Inc.'s portfolio, making the stock its 15th biggest holding. Beese Fulmer Investment Management Inc.'s holdings in Procter & Gamble were worth $20,601,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% during the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Navigoe LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at about $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a report on Thursday, March 27th. 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 report on Friday, April 25th. Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Finally, Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company 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. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction 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 in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG traded down $2.24 during mid-day trading on Monday, hitting $167.65. The company had a trading volume of 7,573,563 shares, compared to its average volume of 7,309,644. The stock has a market cap of $393.06 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.76 and a beta of 0.41. The Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The firm's 50 day simple moving average is $164.35 and its two-hundred day simple moving average is $167.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 33.00% and a net margin of 18.35%. The business's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. As a group, equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 66.98%.

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.