Boston Family Office LLC Sells 2,115 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Boston Family Office LLC reduced its holdings in Procter & Gamble by 3.3%, selling 2,115 shares and now possessing 62,233 shares valued at approximately $10.6 million.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding analyst expectations of $1.42, and had a revenue of $20.89 billion for the quarter.
• The company declared a quarterly dividend of $1.0568 per share, reflecting an annualized dividend yield of 2.7% and a payout ratio of 64.98%.

Boston Family Office LLC lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,233 shares of the company's stock after selling 2,115 shares during the period. Boston Family Office LLC's holdings in Procter & Gamble were worth $10,606,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PG. Cladis Investment Advisory LLC raised its stake in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after buying an additional 236 shares during the last quarter. FAS Wealth Partners Inc. raised its stake in Procter & Gamble by 2.0% during the fourth quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Procter & Gamble by 120.7% during the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock worth $62,098,000 after buying an additional 199,258 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares during the period. Finally, World Investment Advisors grew its holdings in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares during the period. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on PG. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, May 1st. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial reduced their price target 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. Finally, Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Stock Up 0.4%

Procter & Gamble stock opened at $154.30 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The stock has a market cap of $361.43 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 4.06 and a beta of 0.37. The firm's 50-day simple moving average is $157.19 and its 200 day simple moving average is $163.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's payout ratio is currently 64.98%.

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.

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