Cliftonlarsonallen Wealth Advisors LLC Sells 13,888 Shares of The Procter & Gamble Company (NYSE:PG)

Cliftonlarsonallen Wealth Advisors LLC lessened its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,324 shares of the company's stock after selling 13,888 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Procter & Gamble were worth $5,679,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PG. NewSquare Capital LLC lifted its stake in Procter & Gamble by 933.3% in the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Navigoe LLC bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. lifted its position in Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock worth $33,000 after acquiring an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Procter & Gamble in the 4th quarter valued at $34,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.3%

PG stock traded up $0.51 during mid-day trading on Monday, reaching $160.79. 1,837,229 shares of the company traded hands, compared to its average volume of 7,360,525. The Procter & Gamble Company has a fifty-two week low of $156.58 and a fifty-two week high of $180.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm's 50 day moving average price is $163.75 and its 200 day moving average price is $166.64. The stock has a market cap of $376.97 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly 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 business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, equities research analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. 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 66.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated 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 owns 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm'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 completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Truist Financial decreased their price target on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada raised Procter & Gamble from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $164.00 to $177.00 in a research note on Friday, April 25th. Citigroup cut their target price on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, May 1st. Eight equities research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.