Diversify Advisory Services LLC Trims Position in Procter & Gamble Company (The) (NYSE:PG)

Diversify Advisory Services LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,582 shares of the company's stock after selling 1,956 shares during the quarter. Diversify Advisory Services LLC's holdings in Procter & Gamble were worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after acquiring an additional 284,174 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Procter & Gamble by 50.4% in the 4th quarter. Proficio Capital Partners LLC now owns 10,360 shares of the company's stock worth $1,737,000 after buying an additional 3,472 shares during the period. Boston Partners increased its holdings in Procter & Gamble by 1,049.6% in the 4th quarter. Boston Partners now owns 344,800 shares of the company's stock worth $57,806,000 after buying an additional 314,807 shares during the period. Finally, Atlantic Private Wealth LLC increased its holdings in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company's stock worth $35,000 after buying an additional 101 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Procter & Gamble Price Performance

Procter & Gamble stock traded down $0.54 during trading on Friday, reaching $155.08. The company had a trading volume of 7,270,714 shares, compared to its average volume of 7,652,307. The firm's 50-day simple moving average is $161.31 and its 200 day simple moving average is $164.44. 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 firm has a market capitalization of $363.59 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 4.43 and a beta of 0.40. Procter & Gamble Company has a 1-year low of $151.90 and a 1-year high of $180.43.

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 for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 $1.0568 dividend. The ex-dividend date is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.73%. Procter & Gamble's payout ratio is currently 67.14%.

Analyst Upgrades and Downgrades

PG has been the topic of several research reports. Barclays increased their price target on shares of Procter & Gamble from $160.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday. Piper Sandler increased their price target 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. Truist Financial cut 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. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target 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. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.84.

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.