Cohen Investment Advisors LLC Has $3.65 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Cohen Investment Advisors LLC lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,400 shares of the company's stock after acquiring an additional 2,195 shares during the period. Procter & Gamble makes up approximately 2.1% of Cohen Investment Advisors LLC's holdings, making the stock its 18th biggest holding. Cohen Investment Advisors LLC's holdings in Procter & Gamble were worth $3,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Unique Wealth LLC raised its position in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after acquiring an additional 61 shares during the period. Stableford Capital II LLC raised its holdings in Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the period. Bernard Wealth Management Corp. raised its holdings in Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the period. Kolinsky Wealth Management LLC raised its holdings in Procter & Gamble by 1.1% during the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares during the period. Finally, Retirement Planning Group LLC raised its holdings in Procter & Gamble by 1.4% during the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock worth $789,000 after buying an additional 64 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction 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 transaction, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the company's stock in a transaction 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 owned 51,965 shares in the company, valued at approximately $8,386,111.70. This 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 insiders.

Analyst Ratings Changes

PG has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Raymond James Financial dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup dropped their target price on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Bank of America decreased their price target on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Eight 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock traded down $0.48 on Friday, reaching $160.72. 6,999,589 shares of the company were exchanged, compared to its average volume of 7,490,519. Procter & Gamble Company has a one year low of $156.58 and a one year high of $180.43. The company has a market capitalization of $376.82 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $162.10 and a 200 day moving average of $165.37.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data 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. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business's revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a dividend of $1.0568 per share. The ex-dividend date was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is currently 67.14%.

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.