Procter & Gamble Company (The) (NYSE:PG) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,747 shares of the company's stock after selling 1,993 shares during the period. Cidel Asset Management Inc.'s holdings in Procter & Gamble were worth $13,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Elevate Capital Advisors LLC raised its position in Procter & Gamble by 4.2% during the first quarter. Elevate Capital Advisors LLC now owns 12,090 shares of the company's stock valued at $2,060,000 after acquiring an additional 486 shares in the last quarter. BetterWealth LLC grew its stake in shares of Procter & Gamble by 14.9% during the 1st quarter. BetterWealth LLC now owns 1,372 shares of the company's stock worth $234,000 after purchasing an additional 178 shares during the period. RKL Wealth Management LLC increased its holdings in shares of Procter & Gamble by 11.1% during the 1st quarter. RKL Wealth Management LLC now owns 19,809 shares of the company's stock valued at $3,376,000 after purchasing an additional 1,973 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Procter & Gamble by 8.9% in the 1st quarter. Vontobel Holding Ltd. now owns 253,250 shares of the company's stock valued at $43,159,000 after purchasing an additional 20,746 shares during the period. Finally, Salomon & Ludwin LLC grew its position in Procter & Gamble by 27.6% during the first quarter. Salomon & Ludwin LLC now owns 3,049 shares of the company's stock valued at $520,000 after buying an additional 659 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.1%

Shares of PG traded down $0.15 during midday trading on Wednesday, hitting $161.07. The company had a trading volume of 8,771,095 shares, compared to its average volume of 7,466,369. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The firm has a market capitalization of $377.64 billion, a P/E ratio of 25.57, a P/E/G ratio of 4.70 and a beta of 0.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71. The company's 50-day simple moving average is $162.17 and its 200-day simple moving average is $165.47.

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 analysts' consensus estimates 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 return on equity of 32.67% and a net margin of 18.46%. Procter & Gamble's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Barclays reaffirmed an "equal weight" rating on shares of Procter & Gamble in a research note on Thursday, March 27th. Piper Sandler boosted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Raymond James Financial decreased their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America dropped their price target 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. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.45.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer directly owned 51,965 shares of the company's stock, valued at $8,386,111.70. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company 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.