Procter & Gamble Company (The) (NYSE:PG) Position Trimmed by Csenge Advisory Group

Csenge Advisory Group decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,802 shares of the company's stock after selling 2,553 shares during the quarter. Csenge Advisory Group's holdings in Procter & Gamble were worth $5,426,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Navigoe LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $31,000. Hoey Investments Inc. boosted 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. 10Elms LLP acquired a new position in Procter & Gamble during the fourth quarter worth about $34,000. Finally, Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock traded down $0.54 during trading hours on Friday, hitting $155.08. The company had a trading volume of 7,270,714 shares, compared to its average volume of 7,656,548. The company's 50-day moving average is $161.31 and its two-hundred day moving average is $164.42. Procter & Gamble Company has a twelve month low of $151.90 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company has a market cap of $363.59 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 4.41 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.73%. Procter & Gamble's dividend payout ratio is presently 67.14%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reduced their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research note on Thursday, May 1st. UBS Group reduced their price target on shares of Procter & Gamble from $186.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $176.84.

Insider Activity at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was 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.

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.