Chevy Chase Trust Holdings LLC Cuts Stake in Procter & Gamble Company (The) (NYSE:PG)

Chevy Chase Trust Holdings LLC lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,277,853 shares of the company's stock after selling 10,978 shares during the period. Procter & Gamble comprises 0.7% of Chevy Chase Trust Holdings LLC's portfolio, making the stock its 20th largest holding. Chevy Chase Trust Holdings LLC owned about 0.05% of Procter & Gamble worth $217,772,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Spirepoint Private Client LLC lifted its position in Procter & Gamble by 2.2% in the 1st quarter. Spirepoint Private Client LLC now owns 88,155 shares of the company's stock valued at $15,023,000 after acquiring an additional 1,925 shares in the last quarter. Southern Capital Advisors LLC raised its stake in shares of Procter & Gamble by 1.6% in the first quarter. Southern Capital Advisors LLC now owns 22,760 shares of the company's stock worth $3,879,000 after purchasing an additional 365 shares during the last quarter. Mascagni Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 7.7% during the first quarter. Mascagni Wealth Management Inc. now owns 3,543 shares of the company's stock valued at $594,000 after purchasing an additional 252 shares in the last quarter. Consolidated Portfolio Review Corp boosted its position in shares of Procter & Gamble by 0.9% during the first quarter. Consolidated Portfolio Review Corp now owns 28,729 shares of the company's stock valued at $4,896,000 after buying an additional 247 shares during the last quarter. Finally, FORM Wealth Advisors LLC bought a new stake in Procter & Gamble in the 1st quarter worth about $326,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

PG opened at $160.41 on Wednesday. The company has a 50 day simple moving average of $163.03 and a two-hundred day simple moving average of $165.87. 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 $376.08 billion, a P/E ratio of 25.46, a PEG ratio of 4.75 and a beta of 0.43. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

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

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, April 21st. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $161.38, for a total value of $161,380.00. Following the sale, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PG shares. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Royal Bank Of Canada upgraded shares of Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Finally, Evercore ISI restated an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a research note on Tuesday, June 3rd. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

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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