Charles Schwab Trust Co Lowers Stake in The Procter & Gamble Company (NYSE:PG)

Charles Schwab Trust Co lessened its holdings in The Procter & Gamble Company (NYSE:PG - Free Report) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,785 shares of the company's stock after selling 1,975 shares during the quarter. Charles Schwab Trust Co's holdings in Procter & Gamble were worth $2,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cladis Investment Advisory LLC raised its stake in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after acquiring an additional 236 shares during the last quarter. FAS Wealth Partners Inc. increased its position in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock valued at $4,642,000 after purchasing an additional 549 shares during the period. Berkshire Asset Management LLC PA lifted its position 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 period. Strategic Advisors LLC boosted its stake in shares of Procter & Gamble by 3.4% in the 4th quarter. Strategic Advisors LLC now owns 55,912 shares of the company's stock valued at $9,374,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Richard C. Young & CO. LTD. increased its position in shares of Procter & Gamble by 2.1% during the fourth quarter. Richard C. Young & CO. LTD. now owns 123,853 shares of the company's stock worth $20,764,000 after buying an additional 2,568 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at approximately $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 Trading Up 0.7%

Procter & Gamble stock traded up $1.21 during trading hours on Friday, reaching $164.01. The company had a trading volume of 5,692,762 shares, compared to its average volume of 7,319,927. The firm has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. 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 company has a 50-day moving average price of $164.14 and a 200 day moving average price of $167.32. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its 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. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion during the quarter, compared to analyst estimates of $20.42 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business's revenue was down 2.1% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.58%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research note on Monday, February 10th. 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. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Raymond James cut their price target on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.86.

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.