CORDA Investment Management LLC. decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,707 shares of the company's stock after selling 3,244 shares during the period. Procter & Gamble makes up 3.1% of CORDA Investment Management LLC.'s holdings, making the stock its 9th biggest holding. CORDA Investment Management LLC.'s holdings in Procter & Gamble were worth $39,488,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Hoey Investments Inc. raised its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after purchasing an additional 148 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $34,000. Finally, 10Elms LLP acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the 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 transaction, the chief executive officer directly owned 51,965 shares of the company's stock, valued at approximately $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 corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective 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. Truist Financial dropped their price objective 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. Raymond James Financial lowered 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 lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, 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 report on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $178.45.
View Our Latest Report on Procter & Gamble
Procter & Gamble Stock Down 1.0%
NYSE:PG traded down $1.54 on Friday, hitting $156.95. The stock had a trading volume of 8,051,886 shares, compared to its average volume of 7,607,817. Procter & Gamble Company has a 1 year low of $155.95 and a 1 year high of $180.43. The firm's fifty day simple moving average is $161.77 and its two-hundred day simple moving average is $164.92. The stock has a market cap of $367.98 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 4.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.71.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. 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 previous year, the firm posted $1.52 EPS. Procter & Gamble's revenue was down 2.1% on a year-over-year basis. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.
About Procter & Gamble
(
Free Report)
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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