Bleakley Financial Group LLC Sells 4,503 Shares of Procter & Gamble Company (The) (NYSE:PG)

Bleakley Financial Group LLC decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,085 shares of the company's stock after selling 4,503 shares during the period. Bleakley Financial Group LLC's holdings in Procter & Gamble were worth $14,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Unique Wealth LLC lifted its position in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after purchasing an additional 61 shares during the period. Stableford Capital II LLC raised its stake in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares in the last quarter. Bernard Wealth Management Corp. lifted its holdings in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management boosted its position in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after acquiring an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its holdings in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on PG shares. Evercore ISI reiterated an "outperform" rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Truist Financial lowered their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Finally, Barclays reiterated an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $156.95 on Monday. Procter & Gamble Company has a 52 week low of $155.95 and a 52 week high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a market cap of $367.98 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40. The stock has a 50 day moving average of $161.77 and a 200-day moving average of $164.88.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same period last year, the business posted $1.52 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling 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 sale, the insider owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is 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.

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