Crossmark Global Holdings Inc. Has $22.38 Million Stock Holdings in Procter & Gamble Company (The) (NYSE:PG)

Crossmark Global Holdings Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,329 shares of the company's stock after selling 2,019 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Procter & Gamble were worth $22,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Unique Wealth LLC increased its holdings in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares during the last quarter. Stableford Capital II LLC increased its holdings in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares during the last quarter. Bernard Wealth Management Corp. increased its holdings in Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after purchasing an additional 63 shares during the last quarter. Kolinsky Wealth Management LLC increased its holdings in Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. Finally, Retirement Planning Group LLC increased its holdings in shares of Procter & Gamble by 1.4% in the fourth quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock worth $789,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PG shares. Truist Financial lowered their price target on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Citigroup lowered their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Evercore ISI restated an "outperform" rating and issued a $190.00 price target (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Royal Bank Of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.45.

Procter & Gamble Stock Down 0.2%

NYSE PG traded down $0.37 during trading hours on Monday, hitting $160.46. 7,151,619 shares of the company traded hands, compared to its average volume of 7,493,214. The business's 50-day moving average is $162.10 and its 200-day moving average is $165.25. Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. 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 stock has a market capitalization of $376.20 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 4.58 and a beta of 0.40.

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

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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 2.63%. This is a boost 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 presently 67.14%.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction that occurred on 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 trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's 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 approximately $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. Company insiders own 0.18% of the company's stock.

About Procter & Gamble

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.